Full Answer
How much is a mcig stock worth?
One share of MCIG stock can currently be purchased for approximately $0.03. How much money does BOTS make? BOTS has a market capitalization of $14.15 million and generates $2.32 million in revenue each year.
What are penny stocks?
In the past, penny stocks were considered any stocks that traded for less than one dollar per share. The U.S. Securities and Exchange Commission (SEC) has modified the definition to include all shares trading below five dollars.
What is mcig?
mCig, Inc. offers financial and consulting services to cannabis and cryptocurrency markets. The company was formerly known as Lifetech Industries, Inc. and changed its name to mCig, Inc. in August 2013. mCig, Inc. was founded in 2010 and is headquartered in Las Jacksonville, Florida.
Do penny stocks trade on major exchanges?
Most penny stocks don’t trade on the major market exchanges. However, there are some large companies, based on market capitalization, that trade below $5 per share on the main exchanges like the Nasdaq.
What is Mcig?
MCIG. Minimum Concentration that Inhibits Growth.
Can you get rich doing penny stocks?
Penny stocks are viewed as a way to get rich because they tend to have high percentage returns. You can't deny it — the math on owning these stocks is psychologically attractive, particularly for inexperienced traders.
What makes a stock a penny stock?
Key Takeaways. A penny stock refers to a small company's stock that typically trades for less than $5 per share. Although some penny stocks trade on large exchanges such as the NYSE, most penny stocks trade over the counter through the OTC Bulletin Board (OTCBB).
What is the penny stock Rule?
Penny Stock Rule Amendments Rule 15g-2 makes it unlawful for a broker/dealer to effect a transaction in a penny stock with or for a customer account unless the broker/dealer distributes a Risk Disclosure Document to the customer before effecting the customer's first transaction in a penny stock.
What is the most successful penny stock Ever?
2.1 True Religion (formerly NASDAQ: TRLG)2.2 Pier 1 (formerly NYSE: PIR, now OTCPK: PIRRQ)2.3 Monster Beverage Corporation (NASDAQ: MNST)2.4 Medifast Inc. ( NYSE: MED)2.5 Ford Motor Co. ( NYSE: F)2.6 Apple (NASDAQ: AAPL)2.7 Amazon (NASDAQ: AMZN)
How high can a penny stock go?
Just like mid and large cap stocks, there is no limit to how high a penny stock can go. Many massive, well-established companies were once trading for less than $5 per share.
Can you lose a lot of money in penny stocks?
Penny stocks are among the market's most dangerous stocks, so you may pay a much greater price than you first expect, including potentially losing all of your investment. Here's what a penny stock is and why it's so risky to investors looking to grow their wealth.
How do people lose money on penny stocks?
Penny Stocks and Fraud Once the price rises high enough, the scammers sell off all of their shares—that's the “dump” part. This collapses the penny stock's price and leaves everyone else holding worthless stock. Not all penny stocks are scams, but most of them offer no real chance for growth.
Is it difficult to sell penny stock?
Manipulative Nature: Because of the low market capitalization of penny stock companies, it is extremely easy for any trader to manipulate the price of penny stocks. Someone can simply buy a huge quantity of these shares with an investment amount of 1-2 crores and cause the stock price to rise.
Which is the best penny stocks to buy today?
Penny Stocks To Buy TodayCompany NameLTPMarket Cap (in Cr)Imagicaaworld Entertainment Ltd15.75140.54Kohinoor Foods Ltd101.15374.98Idea Ltd.8.7528103.99Suzlon7.27047.991 more row
Is trading penny stocks Legal?
Are Penny Stocks Illegal? Penny stocks are legal, but they are often manipulated. Penny stocks get their name because of their low share price. Any stock trading below $5 a share is generally considered a penny stock.
Is Ford a penny stock?
Key Takeaways. Many of today's large, well-known corporations once traded as penny stocks, and some still have had quite low stock prices. A few examples of ex-penny stocks are Ford Motor Company and General Motors, Sirius XM Radio, and Blackberry.
How were BOTS's earnings last quarter?
BOTS, Inc. (OTCMKTS:MCIG) released its quarterly earnings results on Friday, August, 31st. The cannabis construction company reported $0.00 earning...
Who are BOTS's key executives?
BOTS's management team includes the following people: Paul Rosenberg , Chairman, President, Co-CEO, Secretary & Treasurer Mike W. Aertker , Co-C...
Who are some of BOTS's key competitors?
Some companies that are related to BOTS include Innovative Industrial Properties (IIPR) , MassRoots (MSRT) , Canopy Growth (WEED) , Cronos Grou...
What other stocks do shareholders of BOTS own?
Based on aggregate information from My MarketBeat watchlists, some companies that other BOTS investors own include KushCo (KSHB) , Medical Mariju...
What is BOTS's stock symbol?
BOTS trades on the OTCMKTS under the ticker symbol "MCIG."
What is BOTS's stock price today?
One share of MCIG stock can currently be purchased for approximately $0.03.
How much money does BOTS make?
BOTS (OTCMKTS:MCIG) has a market capitalization of $14.15 million and generates $2.32 million in revenue each year.
How many employees does BOTS have?
BOTS employs 13 workers across the globe.
What is BOTS's official website?
The official website for BOTS is www.mciggroup.com .
What is penny stock?
Penny Stocks Explained. In the past, penny stocks were considered any stocks that traded for less than one dollar per share. The U.S. Securities and Exchange Commission (SEC) has modified the definition to include all shares trading below five dollars.
Where do penny stocks trade?
Though some penny stocks trade on large exchanges such as the New York Stock Exchange (NYSE), most trade via over-the-counter (OTC) transactions through the electronic OTC Bulletin Board (OTCBB) or through the privately-owned OTC Markets Group. There is no trading floor for OTC transactions. Quotations are also all done electronically.
Why are penny stocks so difficult to sell?
Penny stocks are usually associated with small companies and trade infrequently meaning they have a lack of liquidity or ready buyers in the marketplace. As a result, investors may find it difficult to sell stock since there may not be any buyers at that time. Because of the low liquidity, investors might have difficulty finding a price ...
How to know if penny stocks are fraudulent?
Though there is no fool-proof strategy for knowing which penny stocks are fraudulent, the SEC recommends that investors heed the following warning signs in a company's record: SEC trading suspensions, large assets but small revenues, financial statements containing unusual items in the footnotes, odd auditing issues, and large insider ownership. 1
Why are penny stocks considered speculative?
Because of the low liquidity, investors might have difficulty finding a price that accurately reflects the market. Due to their lack of liquidity, wide bid-ask spreads or price quotes, and small company sizes, penny stocks are generally considered highly speculative. In other words, investors could lose a sizable amount or all of their investment.
Should I take precautions when investing in penny stocks?
Considering the heightened risk levels associated with investing in penny stocks, investors should take particular precautions. For example, an investor should have a stop-loss order predetermined before entering a trade and know what price level to exit if the market moves opposite of the intended direction.
Can you sell stock if it is acquired?
Stocks that trade infrequently do not have much liquidity. As a result, it is possible that investors won't be able to sell the stock once it is acquired. The investors might need to lower their price until it is considered attractive to another buyer.
