The Dow Jones closed higher by more than 150 points on Thursday. 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.

Scott's Liquid Gold

• The Trade: Scott's Liquid Gold-Inc. (OTC:SLGD) Director Daniel Roller acquired a total of 794,067 shares an average price of $0.33. To acquire these shares, it cost around $262,042.
• What’s Happening: The company’s shares jumped around 82% over the past six months.
• What Scott's Liquid Gold Does: Scott's Liquid Gold Inc develop, market, and sell high-quality, high-value household and personal care products.

Augusta Gold

Galectin Therapeutics

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