UPDATE
Penny Stocks Abandoned as a Complete Failure >> - 71.56% P/L
Penny stocks are shares of very small companies that trade at low prices, typically under $5 per share in the U.S.
Key Features:
Low price per share
Usually small or emerging companies
Traded on smaller exchanges or over-the-counter markets (OTC)
High risk, high volatility
Because these companies are small and less established, penny stocks can offer high growth potential, but they also carry a higher risk of loss due to limited financial history, low liquidity, and less regulation.