Penny stock Heeton is bigger than it seems

SINGAPORE – Penny stocks are classified by many definitions. Some folks see them as small-cap issues with a market capitalisation of between $50 million and $100 million. Others classify them as shares trading at 99 cents and below.

The Securities Exchange Commission (SEC) in the United States classifies penny stocks as those trading under US$5 (S$6.75) a share.

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