Even the cheapest penny stocks make for the worst securities in the stock market. Penny stocks offer ownership positions in companies that have extremely low chances of success. Penny stocks also have a higher chance of being manipulated via fraudulent means, and having fraudulent individuals behind them. The Definition of Penny Stocks While there is some variation, most consider penny stocks as anything trading outside major market exchanges under $5 USD per share. Traditionally, anything under $1 USD is a penny stock. Here are seven penny stocks to buy that could provide solid returns for investors going forward. Chesapeake Energy (CHK) I’ve had an on-again, off-again attraction to Chesapeake Energy (NYSE: CHK ) over the past couple of years. View photos Castle Brands (ROX) Sportsman’s Warehouse (SPWH)