The Dow Jones index closed slightly higher 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.
Entera Bio
- The Purchase: Entera Bio Ltd. ENTX Director Haya Taitel acquired a total of 7,615 shares at an average price of $0.77. The cost for these shares amounted to around $5,86.
- Recent Development: Entera Bio announced that it received an extension of 180 calendar days from the Nasdaq stock market to regain compliance.
- Company Profile: Entera Bio Ltd is a clinical-stage biopharmaceutical company engaged in the development of orally delivered macromolecule therapeutics, including peptides and therapeutic proteins.
OPKO Health
- The Purchase: OPKO Health, Inc. OPK 10% owner Frost Gamma Investments Trust acquired a total of 511,531 shares at an average price of $0.94, amounting to around $480,379.
- Recent Development: OPKO Health recently priced a private offering of $200 million convertible senior notes due 2029.
- Company Profile: OPKO Health Inc is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs.
Fresh Tracks Therapeutics
- The Purchase: Fresh Tracks Therapeutics, Inc. FRTX 10% owner Exploration Capital LLC acquired a total of 51,502 shares at an average price of $0.98, with an expense of around $50,472.
- Recent Development: Fresh Tracks Therapeutics plans to hold a new special meeting of stockholders on Feb. 15, 2024, to seek stockholder approval of liquidation.
- Company Profile: Fresh Tracks Therapeutics Inc is a clinical-stage pharmaceutical company striving to transform patient lives through the development of innovative and differentiated prescription therapeutics.
Vista Gold
- The Purchase: Vista Gold Corp. VGZ Director Tracy Austin Stevenson acquired a total of 20,000 shares at an average price of $0.37, amounting to around $7,324.
- Recent Development: Vista Gold recently announced it will receive $20 million from Wheaton Precious Metals as part of a royalty agreement in relation to the company’s Mt Todd gold project.
- Company Profile: Vista Gold Corp is a gold mining company engaged in the evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects.
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