VerifyMe And 3 Other Stocks Under $2 Insiders Are Buying

Author: Lisa Levin | December 01, 2023 11:23am

The Dow Jones closed higher by more than 500 points on Thursday. 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.

SAB Biotherapeutics

• The Trade: SAB Biotherapeutics, Inc. (NASDAQ:SABS) Executive Chairman Samuel J Reich acquired a total of 11,000 shares an average price of $0.89. To acquire these shares, it cost around $9,842.
• What's Happening: SAB Biotherapeutics announced that the first HUMAN trial participants (Fully HUman anti-thymocyte biologic in a first-in-MAN clinical study) have been dosed in Australia.
• What SAB Biotherapeutics Does: SAB Biotherapeutics Inc is a clinical-stage biopharmaceutical company focused on the development and commercialization of a portfolio of products from its proprietary immunotherapy platform to produce fully targeted human polyclonal antibodies, without using human plasma or serum.

Earth Science Tech

• The Trade: Earth Science Tech, Inc. (OTC:ETST) CEO Giorgio R Saumat acquired a total of 230,000 shares at an average price of $0.09. To acquire these shares, it cost around $19,958.
• What's Happening: On Nov. 13, the company posted net profit of $444,581 for its fiscal second quarter, versus a year-ago loss of $73,678.
• What Earth Science Tech Does: Earth Science Tech Inc is a diversified holding company. Currently, the company is focused on emerging prospects in the health and wellness industry.

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Butler National

• The Trade: Butler National Corporation (OTC:BUKS) 10% owner Joseph Patrick Daly acquired a total of 25,272 shares at an average price of $0.69. The insider spent around $17,388 to buy those shares.
• What's Happening: On Nov. 1, Butler National's subsidiary, Avcon Industries, Inc., obtained FAA approval of the Avcon nose extension and the Avcon extra-large "Whale Pod" modifications in the King Air Model B300 Airplanes.
• What Butler National Does: Butler National Corp is engaged in designing, manufacturing and selling, installing, repairing, modifying, overhauling, servicing and distributing a broad portfolio of aerostructures, aircraft components, avionics, accessories, subassemblies, and systems.

VerifyMe

• The Trade: VerifyMe, Inc. (NASDAQ:VRME) Director Marshall S Geller acquired a total of 1,800 shares at an average price of $1.02. The insider spent around $1,836 to buy those shares.
• What's Happening: On Nov. 8, VerifyMe posted upbeat quarterly results.
• What VerifyMe Does: VerifyMe Inc is a technology solutions company based in the United States. It markets a broad patent portfolio that includes patents in the field of authenticating products, people, and financial transactions.

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Posted In: BUKS ETST SABS VRME