Benzinga - The Dow Jones closed lower on Wednesday. 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.
Rise Gold
- The Trade: Rise Gold Corp. (OTC: RYES) Director Lawrence W. Lepard bought a total of 525,000 shares at an average price of $0.40. To acquire these shares, it cost around $210 thousand.
- What’s Happening: Rise Gold closed $3,000,000 financing.
- 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.
Sharps Technology
- The Trade: Sharps Technology, Inc. (NASDAQ: STSS) CEO Robert M. Hayes acquired a total 3,500 shares at an average price of $1.36. The insider spent around $4.75 thousand to buy those shares.
- What’s Happening: Sharps Technology announced a $3.8 million private placement at $1.69 per share.
- What Sharps Technology Does: Sharps Technology Inc is a medical device company. It offers syringes and other safety products.
BARK
- The Trade: BARK, Inc. (NYSE: BARK) Director Jim McGinty acquired a total of 40,000 shares at an average price of $1.56. To acquire these shares, it cost around $62.39 thousand.
- What’s Happening: BARK recently reported Q3 earnings results.
- What BARK Does: BARK Inc is a dog-centric company, devoted to making dogs happy with the products, services, and content.
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