The Dow Jones closed lower by over 200 points on Friday. 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.
Emeren Group
- The Trade: Emeren Group Ltd (NYSE:SOL) 10% owner Shah Capital Management acquired a total 32,577 shares an average price of $3.66. To acquire these shares, it cost around $119.23 thousand.
- What's Happening: Emeren Group posted a rise in quarterly sales.
- What Emeren Group Does: Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia.
Augusta Gold
- The Trade: Augusta Gold Corp. (OTC:AUGG) Executive Chairman Richard Warke acquired a total of 50,000 shares at an average price of $0.62. The insider spent around $31.2 thousand to buy those shares.
- What's Happening: Augusta Gold advanced reward feasibility study and issued operational update.
- What Augusta Gold Does: Augusta Gold Corp is an exploration-stage company. The company is primarily engaged in the acquisition and exploration of gold properties.
Arena Group Holdings
- The Trade: The Arena Group Holdings, Inc. (NYSE:AREN) 10% owner Bryant Riley acquired a total of 245,219 shares at an average price of $3.62. To acquire these shares, it cost around $887.59 thousand.
- What's Happening: Arena Group posted a narrower-than-expected quarterly loss.
- What Arena Group Holdings Does: The Arena Group Holdings Inc is a tech-powered media company that fuses superior technology, iconic brands, and marketing savvy to deliver vibrant content and experiences that reach more than 120 million users each month.
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