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Search for an ETF or holding
Updated 2mo ago.
Updated 2mo ago.
A penny stock is a share that trades at a very low price, typically under $1 or $2 per share. In Canada, these stocks are often listed on the TSX Venture Exchange (TSX-V) and involve small companies, often mining or early-stage technology firms. They are very risky and highly speculative.
The TSX Venture Exchange (TSX-V) is one of the largest penny stock markets in the world. A stock at $0.15 on the TSX-V may look like a "bargain," but these companies often have little to no revenue, burn through cash, and face constant dilution from new share issuances. "Pump and dump" schemes are common.
Penny stocks are not investing — they are speculation. For beginner investors, a small-cap ETF like XCS.TO (S&P/TSX SmallCap) provides exposure to smaller Canadian companies in a diversified and far less risky way than betting on a single stock at $0.15.