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Do stocks trade for less than a penny (fractions of a cent)?

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In 2000, the S.E.C. permitted stocks to be traded in pennies or fractions of pennies, rather than the customary eighths or thirty-seconds of a dollar. That made it easier for traders to make money by placing very large orders for very small variances in the price of a stock. read more

Source: blogs.reuters.com
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Yes. You will see this frequently with OTC stocks. Look at this OTC stock LDSR which is currently at 0.008 and as you can see its been moving up :) A bunch of guys in the community I trade in are frequently alerting on these stocks. read more

Source: quora.com
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Image Answers

Do stocks really trade for fractions of a penny? Sort of
Source: blogs.reuters.com

Further Research

Do stocks really trade for fractions of a penny?
blogs.reuters.com

Penny Stocks That Trade At Fractions Of A Penny
www.infobarrel.com

Trading stock sfor less than 1 cent?
www.trade2win.com