penny stock

noun [C] (also UK penny share) FINANCE, STOCK MARKET

Definition

› a share with a very low value because it is considered a high-risk investment, for example in a company that is small, little known, or not very successful: The pharmaceuticals group, which has fallen back into penny stock status, has been threatened with being delisted from the Nasdaq. penny stock company/investors/market

(Definition of penny stock noun from the Cambridge Business English Dictionary © Cambridge University Press)