Answer Posted / sirisha
In the United States, a penny stock is a common stock that
trades for less than two cents a share and are traded over
the counter (OTC) through quotation services such as the OTC
Bulletin Board or the Pink Sheets. Although a penny stock is
said to be "thinly traded," share volumes traded daily can
be in the hundreds of millions for a sub-penny stock.
Legitimate information on penny stock companies can be
difficult to find and a stock can be easily manipulated.[1]
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