The Penny Stocks on the New York Stock Exchange

The Securities and Exchange Commission defines penny stocks as stocks that trade for less than $5 per share. It may seem hard to believe but there are a large number of stocks on the NYSE that trade at that level. As a matter of fact, there are almost two dozen that trade for less than $2 a share, and several of them are even generating earnings.

Here is the list of New York Stock Exchange stocks trading for less than $2 a share. The following shows the name of the company, the stock symbol, the current price, and the P/E ratio, if applicable.

Acorn International, Inc.	ATV	1.54
Bluelinx Holdings Inc.	BXC	1.37
IFM Investments Limited	CTC	1.22
Dover Downs Gaming & Entertainment Inc.	DDE	1.44
Cal Dive International Inc	DVR	1.56
Equus Total Return, Inc.	EQS	1.99	66
Forest Oil Corp.	FST	1.95	3
Genco Shipping & Trading Ltd.	GNK	1.70
Agria Corporation	GRO	1.45
General Steel Holdings, Inc.	GSI	1.14
Hyperdynamics Corporation	HDY	1.60
Homex Development Corp.	HXM	1.47
Mechel OAO	MTL	1.89
Maxcom Telecomunicaciones S.A.B. de C.V.	MXT	1.73
Oi SA	OIBR	1.22	3
Oxford Resource Partners, L.P.	OXF	1.32
Quantum Corporation	QTM	1.14
Rio Alto Mining Limited	RIOM	1.99	12
RadioShack Corp.	RSH	1.34
STR Holdings, Inc.	STRI	1.50
Box Ships Inc.	TEU	1.75	5
China Xiniya Fashion Limited	XNY	1.08	4
Zuoan Fashion Limited	ZA	1.70	1

If you like interesting lists like this, you should check out the other stock lists at WallStreetNewsNetwork.com.