Yes, RLFTF—the ticker symbol representing Relief Therapeutics Holding SA on over-the-counter markets—qualifies as a penny stock due to its low per-share trading value, which typically resides well below the five-dollar threshold. Penny stocks of this nature often exhibit higher bid-ask spreads, lower daily trading volumes, and increased price volatility compared to large-cap equities listed on major primary stock exchanges. Investors evaluating OTC-listed equities like RLFTF must exercise caution, as smaller international biotechnology and pharmaceutical firms trading on these alternate tiers frequently face unique regulatory reporting standards, liquidity constraints, and capital-raising hurdles.