Is DOMTAR (CANADA) PAPER INC. (Public, TSE:UFX) a penny stock?
An Anonymous User asked:
was it once a penny stock? and why? thanks!
http://www.google.com/finance?q=TSE%3AUFX
was it once a penny stock? and why? thanks!
http://www.google.com/finance?q=TSE%3AUFX
Day Trade Penny Stocks | Penny Stock Basics | Swing Trade Penny Stock Picks | Why Trade Penny Stocks | Penny Stock Trading | Penny Stock Tips | Stocks vs Bonds
No, a stock that costs $73.00 a share is not a penny stock.
Neither is a stock that costs $13.00 a share a penny stock (the low for DOMTAR).
A penny stock is a stock that is very cheap (less than $5 usually).
They are frequently used by day traders, because the % of the price fluctuation is very high on any given day, and the price is largely given by the market demand swings.
for info ; open the second & fifth link in: http://www.all-investing-money.co.cc