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Penny Stocks Getting The MOST Volume TodayPenny stocks trade for less than $5 per share. These stocks are highly volatile with limited liquidity, making them high-risk investments. Penny stocks are shares of small companies that trade for less than $5 a share. In the past, "penny stocks" referred to shares that traded for pennies on the. Penny stocks, also known as microcap stocks, are cheap � they usually trade for less than $5 per share. Their low price doesn't inherently mean.