I gave my daughter $250.00 to invest in the stock market and learn about responsible investing. She did some research online and started trading penny stocks. I had never heard of penny stocks before so I decided to do some research myself and discovered a few interesting facts.
There is no concrete definition, but there are a few defining elements that distinguish penny stocks from other types of stocks traded on the stock market. I also learned that different people have varied ways they determine if a stock can be termed a penny stock. But let’s start with the basics:

