penny share

penny share
/'peni ʃeə/ noun
a very cheap share, costing about 10p or less than $1
(NOTE: The US term is penny stock.)
COMMENT: These shares can be considered as a good speculation, since buying even large numbers of them does not involve a large amount of money, and the share price of some companies can rise dramatically; the price can of course fall, but in the case of penny shares, the loss is not likely to be as much as with shares with a higher market value.

Dictionary of banking and finance. 2015.

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