Penny Stock Symbol Codes
Have you ever seen a penny stock symbol with more than four letters?
Those extra letters at the end of some penny stock symbols actually mean something. Some of these as a trader you should know about, as they can directly impact your ownership of the said penny stock. Penny Stocks are traded on the Nasdaq market, which uses 4 letter codes for its companies. Sometimes you will see a fifth letter tacked onto a stock symbol. These letters, as defined below, are an identification of an issue with a particular penny stock.
For example, take the company COUGF. That fifth letter, “F” in this case, is an indication that the company is foreign.
Below are the Nasdaq codes and their corresponding meaning:
Nasdaq Stock Codes
- A – Class A stock
- B – Class B stock
- C – Issuer qualifications exceptions*
- D – New
- E – Delinquent in required filings with the SEC
- F – Foreign
- G – First convertible bond
- H – Second convertible bond, same company
- I – Third convertible bond, same company
- J – Voting
- K – Nonvoting
- L – Miscellaneous situations (depositary receipts, stubs, additional warrants, and units)
- M – Fourth preferred, same company
- N – Third preferred, same company
- O – Second preferred, same company
- P – First preferred, same company
- Q – Bankruptcy Proceedings
- R – Rights
- S – Shares of beneficial interest
- T – With warrants or with rights
- U – Units
- V – When issued and when distributed
- W – Warrants
- Y – ADR (American Depositary Receipt)
- Z – Miscellaneous situations (depositary receipts, stubs, additional warrants, and units)
* The letter “C” as a fifth character in a security symbol indicates that the issuer has been granted a continuance for a limited period by Nasdaq under an exception to the qualification standards.
It is important when trading stocks to be aware of that fifth letter and determine is purchasing that penny stock is worth the trouble it might bring.
Hope this helps out. Happy trading!
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