What Are Penny stocks

Hi I would like to know how to buy penny stocks

What do you mean?

I assume you mean US penny stocks, if you are talking OTC pink sheets they are going to be on the Invest side.

Find the stock and hit Buy :sweat_smile: some you might find are close only which is T212 decision to temporarily block the buying so they don’t get in trouble.

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Penny stocks are stocks priced under $1 or £1, you can buy them like any other stocks.

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Technically it’s stocks under $5 by definition :sweat_smile:


BP is my favourite penny stock.

Low-priced, small-cap stocks are known as penny stocks . Contrary to their name, penny stocks rarely cost a penny . The SEC considers a penny stock to be pretty much anything under $5

I’m missing the joke? It’s above a quid and it’s BP :thinking:

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It’s under $5.

But seriously I’m musing poorly at the definition of penny stocks more generally being price denominated rather then marcap.


Oh I thought there was more to it :sweat_smile:

Yeah UK definition is under a quid to be a penny stock so not really the $5 equivalent (~£3.60 as of this week).

The $5 is just in regards to how the SEC define it for US stocks.

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I think the OP needed a simpler answer than the official definition.