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What is a small-cap or “penny” stock?

April 26, 2017small-cap stock

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What is a small-cap or “penny” stock?

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We define a small-cap as an equity trading in a company that has a market valuation of $1 billion or less. Market value is determined by the current price of all outstanding shares that are available for trading. Penny stocks are usually just small-caps that trade for less than $10 per share.