I looked up the definition of Penny Dreadful Stock, to be sure,...

I looked up the definition of Penny Dreadful Stock, to be sure, as I thought it was stock with a share price sub $1.00.
Logic if $0.056c or $0.30c then still a Penny dreadful stock as sub $1.00.

Imagine my surprise at the actual definition as follows:

"The term penny stocks is more commonly used overseas in the US, UK or Europe, but you could have also heard the phrase in Australia too. So what are they?

Penny stocks is a loose name for cheap, low-priced shares of small, often newly listed companies. There are a few different ways to define Australia's penny stocks. Some definitions say it's listed companies with a market cap of less than $50 million, which is why in Australia penny stocks are also commonly referred to as small-cap stocks. Another definition is stocks with a share price of less than $5. However this is a rather vague definition as some blue chip stocks have share prices below $5, too.

Investors are often attracted to penny stocks for their cheap prices and potential growth opportunities, though there are risks involved with penny stocks, too."