RE:RE:RE:Trading applicationsNo minimum valuation in the U.S. Not sure about Canada. Generally stocks under $5 are labelled as penny stocks and don't qualify. Most small cap funds buy $5 and up only. Some funds do invest under $5. I've seen a hedge fund invest at 90 cents e.g. NOVN. This article has a good take on the subject: https://www-fool-com.cdn.ampproject.org/v/s/www.fool.com/amp/investing/2017/11/06/can-mutual-funds-own-stocks-under-5.aspx?amp_js_v=a6&_gsa=1&usqp=mq331AQHKAFQArABIA%3D%3D