Low float penny stocks

Screening Filters & Rationale

1. Price (max: $5):

   • Purpose: Focus on penny stocks trading at $5 or below.
   • Rationale: Ensures alignment with the user's interest in low-cost stocks, typically associated with higher growth potential.

2. Relative Volume (min: 2):

   • Purpose: Identify stocks with trading activity at least twice their average volume.
   • Rationale: Highlights stocks experiencing unusual interest, which may indicate potential price movement.

3. Beta (HighRisk):

   • Purpose: Target stocks with high volatility.
   • Rationale: High beta stocks are more sensitive to market movements, offering greater potential for short-term gains.

4. Weekly Average Turnover (min: 1,000,000):

   • Purpose: Ensure sufficient liquidity for trading.
   • Rationale: High turnover indicates active trading, reducing the risk of illiquidity in penny stocks.

5. Shares Outstanding (max: 50,000,000):

   • Purpose: Focus on low float stocks with limited shares available.
   • Rationale: Low float stocks are more prone to significant price swings, aligning with the user's interest in low float penny stocks.