The Dow Jones index closed higher by more than 200 points on Monday. 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.
Bespoke Extracts
- The Trade: Bespoke Extracts, Inc. (OTC:BSPK) CEO Michael Feinsod bought a total of 3,000 shares at an average price of $0.07. To acquire these shares, it cost around $210.
- What's Happening: The company's stock jumped around 268% over the past six months.
- What Bespoke Extracts Does: Bespoke Extracts Inc is focused on selling its proprietary line of specially-formulated, premium quality, hemp-derived CBD products.
Thunder Mountain Gold
- The Trade: Thunder Mountain Gold, Inc. (OTC:THMG) CEO Eric T Jones acquired a total of 125,000 shares at an average price of $0.06. To acquire these shares, it cost around $6,875.
- What's Happening: The company's stock gained around 38% over the past six months.
- What Thunder Mountain Gold Does: Thunder Mountain Gold Inc is a mineral exploration stage company. It is engaged in exploring mining properties that have the potential to produce gold, silver, base metals, and other commodities.
Tecogen
- The Trade: Tecogen Inc. (OTC:TGEN) Director Earl R Lewis acquired a total of 10,000 shares at an average price of $0.68. The insider spent around $6,800 to buy those shares.
- What's Happening: On May 8, Tecogen reported revenues of $6.2 million and net loss of $1.1 million for the quarter ended March 31.
- What Tecogen Does: Tecogen Inc, designs, manufactures, markets, and maintains high-efficiency, ultra-clean cogeneration products.
Perfect Moment
- The Trade: Perfect Moment Ltd. (NYSE:PMNT) Chief Creative Officer Jane Gottschalk acquired a total of 5,600 shares at an average price of $1.63. The insider spent around $9,129 to buy those shares.
- What's Happening: On July 9, ThinkEquity analyst Ashok Kumar initiated coverage on Perfect Moment with a Buy rating and announced a price target of $6.
- What Perfect Moment Does: Perfect Moment Ltd is a company which is a luxury lifestyle brand that combines fashion and technical performance for its ranges of skiwear, outerwear, swimwear, and activewear.
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