Are Penny Stocks Scam?

[Kane]

Penny stocks are not inherently scams, yet they often become a tool for unscrupulous individuals to deceive small investors. The essence of these scams typically involves inflated valuations. Scammers artificially inflate the value of penny stocks and give prices far exceeding their actual market worth. While the stock actually might worth a few cents, they trade for a couple of bucks. For small investors, the low price appears as an attractive proposition as they are unaware of the stocks being overvalued. Have you ever been a victim of penny stocks?

 

[Riberet19]

I have never been a victim of a penny stock, but I understand perfectly what you are saying, these penny stocks can be the target of many scammers and market manipulators to extract investors' money quickly, for now I do not want to enter this market, and I do not know if I will in the future, because there is usually not much information about such stocks to investigate.