Penny stocks most active up to $2

Screening Filters & Rationale

1. Market Cap (max: $300M):

   • Purpose: Focus on smaller companies typically classified as penny stocks.
   • Rationale: Ensures the selection includes companies with high growth potential but higher risk, aligning with penny stock characteristics.

2. Price (max: $2):

   • Purpose: Limit the selection to low-priced stocks.
   • Rationale: Targets penny stocks specifically, as they are defined by their low price per share.

3. Relative Volume (min: 2.5):

   • Purpose: Identify stocks with significantly higher trading activity than usual.
   • Rationale: High relative volume indicates increased investor interest, which may signal potential price movement.

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

   • Purpose: Ensure liquidity by focusing on stocks with substantial weekly trading volume.
   • Rationale: High turnover reduces the risk of illiquidity, making it easier to enter or exit positions.

5. Weekly Price Change Percentage (min: 7%):

   • Purpose: Highlight stocks with strong recent price momentum.
   • Rationale: A significant price increase over the week suggests potential for continued upward movement or volatility.