This screen is a bit of a departure from my normal stock screens.
Usually I require my screens to have a minimum price of $10 per share.
But I do at times scan for stocks under $10. And that's one of the screens I'm running for myself right now.
Penny Stocks
One dollar is a common threshold when screening for stocks. A lot of
investors actively avoid penny stocks due to the speculative nature, the
often wide bid/ask spreads, and the excessive volatility that is all
too common in stocks under $1.00.
But some, of course, work out spectacularly well. And that's probably what keeps people interested in them. (more)
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