4 Penny Stocks Insiders Are Buying

Author: Lisa Levin | December 28, 2021 07:46am

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.

Tyme Technologies

The Trade: Tyme Technologies, Inc. (NASDAQ:TYME) Chief Legal Officer James Biehl acquired a total of 10000 shares at an average price of $0.65. To acquire these shares, it cost $6,500.00.
What’s Happening: TYME Technologies recently said TYME-19 'demonstrated an antiviral effect against SARS CoV-2 in human lung epithelial cells.'
What Tyme Technologies Does: Tyme Technologies Inc is the U.S based clinical-stage biotechnology company. The company is focused on the development and commercialization of targeted cancer therapeutics with a broad range of oncology indications for humans.

Independence Contract Drilling

The Trade: Independence Contract Drilling, Inc. (NYSE:ICD) 10% owner William Monroe acquired a total of 50000 shares at an average price of $2.58. The insider spent $128,750.00 to buy those shares.
What’s Happening: The company, last month, posted a wider-than-expected quarterly loss.
What Independence Contract Drilling Does: Independence Contract Drilling Inc is engaged in providing land-based contract drilling services for oil and natural gas producers.

Pacific Health Care Organization

The Trade: Pacific Health Care Organization, Inc. (OTC:PFHO) CEO and President Tom Kubota acquired a total of 31000 shares at an average price of $1.00. To acquire these shares, it cost $31,000.00.
What’s Happening: The company’s stock gained around 8% over the previous month.
What Pacific Health Care Organization Does: Pacific Health Care Organization is a specialty workers' compensation managed care company. The company serves any size employer in the state of California as well as insurers, third-party administrators, self-administered employers, municipalities and other industries.

Broad Street Realty

The Trade: Broad Street Realty, Inc. (OTC:BRST) CEO Michael Z Jacoby acquired a total of 4000 shares at an average price of $2.76. The insider spent $11,040.00 to buy those shares.
What’s Happening: The company’s shares gained around 3% over the prior month.
What Broad Street Realty Does: Broad Street Realty Inc is a fully integrated real estate company that owns, operates, develops, and redevelops primarily grocery-anchored shopping centers and street retail-based properties in the Mid-Atlantic and Denver, Colorado markets.

Posted In: BRST ICD PFHO TYME