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.

Savara

  • The Trade: Savara Inc. SVRA Director David Ramsay acquired a total of 40000 shares at an average price of $1.11. To acquire these shares, it cost $44,485.00.
  • What’s Happening: Savara, last month, posted a Q3 loss of $0.07 per share.
  • What Savara Does: Savara Inc is a pharmaceutical company. The company develops novel therapies for the treatment of serious or life-threatening rare respiratory diseases.

Aptose Biosciences

  • The Trade: Aptose Biosciences Inc. APTO Director Erich Platzer acquired a total of 270000 shares at an average price of $1.17. The insider spent $316,340.00 to buy those shares.
  • What’s Happening: Aptose Biosciences recently reported HM43239 data featured in an oral presentation at the ASH Annual Meeting.
  • What Aptose Biosciences Does: Aptose Biosciences Inc is a clinical-stage biotechnology company committed to discovering and developing personalized therapies addressing unmet medical needs in oncology.

Logiq

  • The Trade: Logiq, Inc. LGIQ President Brent Suen acquired a total of 15000 shares at an average price of $1.95. To acquire these shares, it cost $29,250.00.
  • What’s Happening: Logiq recently returned to revenue growth in Q3.
  • What Logiq Does: Logiq Inc is a collection of industry experts committed towards the challenges of helping companies grow through e-commerce initiatives.
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Emmaus Life Sciences

  • The Trade: Emmaus Life Sciences, Inc. EMMA Chairman and CEO Yutaka Niihara acquired a total of 9500 shares at an average price of $1.53. The insider spent $14,570.00 to buy those shares.
  • What’s Happening: The company’s stock gained more than 8% over the previous month.
  • What Emmaus Life Sciences Does: Emmaus Life Sciences Inc is a biopharmaceutical company engaged in the discovery, development, and commercialization of new treatments and therapies primarily for rare and orphan diseases.

Venus Concept

  • The Trade: Venus Concept Inc. VERO Director Garheng Kong acquired a total of 1600000 shares shares at an average price of $1.25. The insider spent $2,000,000.00 to buy those shares.
  • What’s Happening: Venus Concept recently announced a $17 million equity financing led by Masters Special Situations.
  • What Venus Concept Does: Venus Concept Inc is a medical technology company. It develops, commercializes and delivers minimally invasive and non-invasive medical aesthetic technologies and related practice enhancement services.
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Posted In: Long IdeasNewsPenny StocksInsider TradesPre-Market OutlookMarketsTrading IdeasPenny Stocks Insider Buying
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