Penny Stocks..
US companies have a very different view of price levels.. As a matter of fact, Australian Funds used to be the same and not want to touch anything below $1. I think they have lightened up a bit but still you find many of the larger ones not touching anything below the $AU1
If you take ASX, Penny stocks / min listing price is 20c
Nasdaq is $US4 and you need to have a bid price stay above $US1 to stay in compliance to Nasdaq listing rules.
Similarly NYSE is US$4 at listing and bid price needs to stay above US$1 to stay listed on NYSE.
So if you think about how funds might think about stocks rated below 20c when the read the listing rules of NYSE & NASDAQ you can understand their reluctance to touch a sub 20c stock when they consider a $US4 stock a penny stock..
Penny Stocks.. US companies have a very different view of price...
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Last
$12.87 |
Change
-0.140(1.08%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $12.80 | $12.90 | $12.69 | $2.713M | 211.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 406 | $12.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.88 | 1412 | 15 |
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| Last trade - 13.43pm 16/10/2024 (20 minute delay) ? |
| NEU (ASX) Chart |