Executives Buying These 5 Penny Stocks

Although US stock futures traded slightly lower this morning, there were a few notable insider trades.

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.

LiveOne

  • The Trade: LiveOne, Inc. LVO CEO and Chairman Robert S Ellin acquired a total of 25,000 shares at an average price of $0.94. To acquire these shares, it cost $23.45 thousand.
  • What’s Happening: LiveOne recently posted a Q3 loss of $0.15 per share on sales of $32.90 million.
  • What LiveOne Does: LiveOne Inc, formerly LiveXLive Media Inc is the premium internet networks devoted to live music and music-related video content.

Rise Gold

  • The Trade: Rise Gold Corp. RYES Director John Proust acquired a total of 3,875 shares at an average price of $0.61. The insider spent around $2.37 thousand to buy those shares.
  • What’s Happening: Rise Gold recently reported Water Supply Assessment approval for Idaho-Maryland Mine Project.
  • What Rise Gold Does: Rise Gold Corp is a mineral exploration stage mining company and its primary asset is a major past producing Idaho-Maryland Gold Mine property near Grass Valley, California, United States.

Also check this: Insiders Buy Around $112M Of 3 Stocks

Lument Finance Trust

  • The Trade: Lument Finance Trust, Inc. LFT Director Walter Keenan acquired a total of 50,000 shares at an average price of $3.06. To acquire these shares, it cost around $153 thousand.
  • What’s Happening: Lument Finance Trust recently reported expiration of transferable rights offering.
  • What Lument Finance Trust Does: Lument Finance Trust Inc operates as a real estate investment trust. The company is engaged in investment, financing, and management of a portfolio of commercial real estate debt investments.

Vista Gold

  • The Trade: Vista Gold Corp. VGZ 10% owner Palmedo Peter acquired a total of 1,300,000 shares at an average price of $1.10. The insider spent $1.43 million to buy those shares.
  • What’s Happening: The company’s shares gained around 17% over the past month.
  • What Vista Gold Does: Vista Gold Corp is a gold mining company. It is engaged in evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects.

OPKO Health

  • The Trade: OPKO Health, Inc. OPK 10% owner Frost Gamma Investments Trust acquired a total of 100,000 shares at an average price of $3.04. The insider spent $303.57 thousand to buy those shares.
  • What’s Happening: Pfizer and Opko's once-weekly NGENLA injection receives marketing authorization in the EU for the treatment of pediatric growth hormone deficiency.
  • What OPKO Health Does: Opko Health is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. Opko's diagnostics business includes a core genetic testing operation.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsPenny StocksInsider TradesMarketsTrading IdeasApplication SoftwareInformation TechnologyPenny Stocks Insider Buying
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!