5 Penny Stocks Insiders Are Buying

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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.

ClearOne

  • The Trade: ClearOne, Inc. CLRO 10% owner Edward D Bagley acquired a total of 27003 shares at an average price of $1.34. To acquire these shares, it cost $36,259.90.
  • What’s Happening: ClearOne was recently granted two U.S.pPatents #11,190,378 'Sending information signals on a differential signal pair'; #11,188,133 'System for transmitting power to a remote PoE subsystem by forwarding PD input voltage.'
  • What ClearOne Does: ClearOne Inc is a communications solutions company, which is engaged in designing, developing, and selling conferencing, collaboration, streaming, and digital signage solutions for audio, video, and visual communication.

Amesite

  • The Trade: Amesite Inc. AMST Director Richard Ogawa acquired a total of 20000 shares at an average price of $1.10. The insider spent $21,900.00 to buy those shares.
  • What’s Happening: Amesite, last month, reported the launch of its pilot program with The City College of New York for broader curriculum.
  • What Amesite Does: Amesite Inc is an artificial intelligence-driven platform and course designer that rapidly provides customized, high performance and scalable online products for schools and businesses.
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Live Current Media

  • The Trade: Live Current Media Inc. LIVC Director Amir Vahabzadeh acquired a total of 115752 shares at an average price of $0.38. To acquire these shares, it cost $44,186.62.
  • What’s Happening: Live Current Media, in October, signed a new agreement with Think Ink Marketing Data & Email Services, Inc..
  • 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.

Ault Global

  • The Trade: Ault Global Holdings, Inc. DPW Executive Chairman Milton C. Ault III acquired a total of 429250 shares at an average price of $1.58. The insider spent $677,124.90 to buy those shares.
  • What’s Happening: Ault Global Holdings recently partnered with The Alisal Guest Ranch and Resort in Solvang, Calif., to expand the property’s electric vehicle charging capabilities for resort guests and visitors.
  • What Ault Global Does: Ault Global Holdings Inc is a diversified holding company owning subsidiaries engaged in commercial and defense solutions, commercial lending and advanced textile technology.

Spark Networks

  • The Trade: Spark Networks SE LOV 10% owner Osmium Capital Lp acquired a total of 115601 shares shares at an average price of $3.18. The insider spent $367,430.86 to buy those shares.
  • What’s Happening: John H. Lewis recently reported a stake of 22.1% in Spark Networks in a 13D filing.
  • What Spark Networks Does: Spark Networks SE operates a global online dating site. Its focus is on catering to professionals and educated singles with serious relationship intentions in North America and other international markets.
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