Cathay Pacific Airways Ltd. (CPCAY.PK)

The corporate offices of Cathay Pacific Airways Ltd are located in Hong Kong. Its shares trade under the stock symbol CPCAY.PK, on the Pink Sheets. The Pink Sheets is the "bottom of the barrel" on the Wall Street food chain. Don't let their low prices or interesting stories cloud your judgement. When trading Pink Sheets stocks, you are exposing yourself to additional risks which may not be present on better exchanges.

The share price of the company reached $5.85 on Dec 31, 1969. At the moment, the share price is 61.39 % lower than its 52 week high of $15.15. Although still considered a penny stock the share price is above the $1.00 range. The stock is hitting new 52 week lows. Counter-trend investors might find this an opportunity to buy some of it. But such an approach may not always be successful. This stock has sufficient trading activity to eliminate most of the risk associated with illiquidity.