When insiders buy or sell stock, it indicates their confidence or concern about the company’s prospects. Investors and traders interested in penny stocks may consider it a factor in their overall investment or trading decision.
Below are some recent notable insider trades for penny stocks. For more, check out Benzinga’s Insider Trading platform.
AB International Group
The trade: AB International Group Corp. (OTC: ABQQ) CEO Chiyuan Deng acquired a total of 3,300,000 shares at an average price of $0.08. The insider spent $264,000.00 to buy those shares.
What is going on: The company’s stock is down 17% in the past month.
What AB International does?: AB International Group Corp. is engaged in providing mobile application services.
The trade: Barnwell Industries, Inc. (OTC: BRN) CFO Russell M Gifford bought a total of 13,800 shares at an average price of $2.19. The insider paid $30,222.00 for the transactions.
What is going on: The company recently sold Barnwell Canada’s interests in certain natural gas and oil properties in the Spirit River area of Alberta, Canada.
What Barnwell Industries does?: The company is engaged in the exploration, development, production and sale of oil and natural gas in Canada.
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