> I have penny stock with a broker. what does # after the stock symbol mean?

I have penny stock with a broker. what does # after the stock symbol mean?

Posted at: 2014-12-05 
No price is listed for buying or selling. Does this mean it's worthless?

It may be the symbol indicating "stock suspended" in which case you are stuffed.

Never put capital into penny stocks, only some of the profit of other investments.

The three main problems of these stocks are liquidity ( rarely traded ), market size ( average daily volume at which quoted price stock is traded ) and spreads ( which can be enormous and wipe out any large gain ).

true penny shares have very few shares available for trading in the market

That means they are mostly traded on a matched bargain basis where the price is set after finding somebody willing to buy or sell and then negotiatiing a price with them

And that means it could be weeks before you can find somebody to buy if you are selling, or sell if you want to buy

(as a result its VERY unwise to try day trading a true penny stock .

but there are a lot of shares that cost only pence but they are not true penny shares)

(

So it would be meaningless quoting a price.

(this is one of the reasons why its VERY unwise to deal in penny shares unless you really know what you are doing)

Penny stocks are really only good for day-trading. They are known to go bankrupt in a day. Call your broker and ask what it means with their system. It could be the price of the stock, the shares you have, the percent change on the day/month/year.

And that means it could be weeks before you can find somebody to buy if you are selling, or sell if you want to buy

No price is listed for buying or selling. Does this mean it's worthless?