what is a penny warrant 
a penny warrant is a warrant that comes with an exercise price the agreed upon price for the underlying asset of one cent or another nominal amount can you sell warrants you can sell a warrant as long as it s detachable detachable warrants are those that can be removed from the underlying asset such as a stock once detached they can be traded on their own if you do this it means that you claim the asset itself but sell or trade the warrant itself on the secondary market usually over the counter or through a broker 