When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform.

IDW Media

The Trade: IDW Media Holdings, Inc. (NYSE:IDW) Director Howard Jonas acquired a total of 4018669 shares at an average price of $3.60. The insider spent $2,304,000.00 to buy those shares. The insider also disposed a total of 3378669 shares.

What’s Happening: IDW, during September, reported a Q3 loss of $0.09 per share.

What IDW Media Does: IDW Media Holdings Inc is a diversified media company with operations in publishing, television entertainment, and media distribution.

MIND Technology

The Trade: MIND Technology, Inc. (NASDAQ:MIND) Director Peter H Blum acquired a total of 10000 shares shares at an average price of $1.70. The insider spent $17,000.00 to buy those shares.

What’s Happening: The company, in September, reported a wider-than-expected quarterly loss.

What MIND Technology Does: MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic and security industries.

Live Current Media

The Trade: Live Current Media Inc. (OTC:LIVC) Director Amir Vahabzadeh acquired a total of 38581 shares at an average price of $0.23. To acquire these shares, it cost $8,859.22.

What’s Happening: Live Current recently signed a new marketing agreement with Think Ink Marketing.

What Live Current Media Does: Live Current Media Inc is a digital technology company involved in the entertainment industry. Currently, the company is developing two projects, SPRT MTRX for App Store and Play Store and Boxing.com FEDERATION.

PHX Minerals

The Trade: PHX Minerals Inc. (NYSE:PHX) 10% owner Edenbrook Capital Llc, Jonathan Brolin acquired a total of 36093 shares shares at an average price of $3.04. The insider spent $109,653.11 to buy those shares.

What’s Happening: The company’s shares have climbed around 29% since the start of the year.

What PHX Minerals Does: PHX Minerals, previously Panhandle Oil & Gas, is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership.

Staffing 360 Solutions

The Trade: Staffing 360 Solutions, Inc. (NASDAQ:STAF) Chairman and CEO Brendan Flood acquired a total of 85501 shares shares at an average price of $2.47. The insider spent $5,352.49 to buy those shares.

What’s Happening: Staffing 360 Solutions reported a $9.25 million private placement priced at-the-market under Nasdaq rules.

What Staffing 360 Solutions Does: Staffing 360 Solutions Inc operates in the international staffing sector. It is engaged in the execution of an international buy-integrate-build process through the acquisition of domestic and international staffing organizations.