"It's why the US SEC warns, "Penny stocks may trade infrequently - which means that it may be difficult to sell penny stock shares once you have them. Because it may also be difficult to find quotations for penny stocks, they may be impossible to accurately price. Investors in penny stock should be prepared for the possibility that they may lose their whole investment.""
"Today, DFLI is up another 33% to 70 cents on a volume spike to 136.7 million, as compared to its daily average volume of 27 million. This time, the stock is running on news it's presenting at The Battery Show North America, taking place October 6 to 9 in Detroit. "Through sessions on domestic lithium battery manufacturing, hybrid electrification and battery fundamentals, the Company will highlight its technical leadership and contributions to advancing the industry dialogue," as noted in a recent press release."
Penny stocks can appear attractive because of low share prices, but outcomes range from large winners to worthless issues. Advanced Micro Devices rose from about $5 to $165, illustrating potential upside for select names. The US SEC warns that penny stocks may trade infrequently, be difficult to price, and may be impossible to accurately value or sell, creating a risk of total loss. Dragonfly Energy Holdings (DFLI) experienced a recent spike tied to lithium interest and news of a presentation at The Battery Show North America. DFLI climbed about 33% to $0.70 on a volume surge to 136.7 million versus a 27 million average, and a press release emphasized sessions on domestic lithium battery manufacturing, hybrid electrification, and battery fundamentals. Recent quarterly results showed an EPS loss.
Read at 24/7 Wall St.
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