When insiders buy or promote shares, it signifies their confidence or concern across the firm’s prospects. Buyers and merchants excited by penny shares can think about this an element of their total funding or buying and selling resolution.
Beneath is a take a look at just a few latest notable insider transactions for penny shares. For extra, take a look at Benzinga’s insider transactions platform.
Independence Contract Drilling
The Commerce: Independence Contract Drilling, Inc. (NYSE: ICD) 10% proprietor William Monroe acquired a complete of 350587 shares at a mean value of $4.10. The insider spent $1,438,567.44 to amass these shares. The insider additionally disposed a complete of 15687 shares.
What’s Occurring: Independence Contract Drilling, final month, signed a drilling contract for the reactivation of its sixteenth rig which can work within the Permian Basin.
What Independence Contract Drilling Does: Independence Contract Drilling Inc is engaged in offering land-based contract drilling providers for oil and pure fuel producers.
The Commerce: Athenex, Inc. (NASDAQ: ATNX) Director Jinn Wu acquired a complete of 10000 shares shares at a mean value of $2.67. The insider spent $26,700.00 to purchase these shares.
What’s Occurring: Athenex not too long ago issued an replace from the FDA Sort A gathering relating to oral Paclitaxel + Encequidar in metastatic breast most cancers.
What Athenex Does: Athenex Inc is a world biopharmaceutical firm devoted to the invention, improvement and commercialization of novel therapies for the remedy of most cancers.
The Commerce: Akerna Corp. (NASDAQ: KERN) Director Matthew Ryan Kane acquired a complete of 13153 shares at a mean value of $2.70. To accumulate these shares, it price $30,507.30.
What’s Occurring: Akerna not too long ago reported a $20 million convertible debt financing from present institutional buyers.
What Akerna Does: Akerna Corp is a United States-based firm. The agency is the primary compliance expertise firm within the hashish house.
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