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penny shares

   Also found in: Financial, Wikipedia 0.01 sec.
penny shares
pl n
(Economics, Accounting & Finance / Stock Exchange) Stock Exchange securities with a low market price, esp less than 20p, enabling small investors to purchase a large number for a relatively small outlay


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The Financial Services Authority said that so far this year, it had ordered 11 firms to stop selling so-called penny shares until they had overhauled their business model and proved they no longer posed a risk to consumers.
Managers are frantically buying shares in their own booming companies, and everybody's touting penny shares as the big opportunity of the new century.
 
 
 
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