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3 Penny Stocks Insiders Are Buying

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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.

Tonix Pharmaceuticals

The Trade: Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) CEO Seth Lederman acquired a total of 12000 shares at an average price of $0.61. To acquire these shares, it cost $7,320.00.

What’s Happening: Tonix Pharmaceuticals recently expanded its research collaboration with Columbia University to develop precision medicine techniques for COVID-19 vaccines and therapeutics.

What Tonix Pharmaceuticals Does: Tonix Pharmaceuticals Holding is a clinical-stage pharmaceutical company. The company is engaged in discovering, licensing, acquiring and developing drugs and biologics to treat and prevent human disease and alleviate suffering.

Leap Therapeutics

The Trade: Leap Therapeutics, Inc. (NASDAQ: LPTX) 10% owner Beigene Ltd acquired a total of 2543800 shares shares at an average price of $2.85. The insider spent $7,249,830.00 to buy those shares.

What’s Happening: Leap Therapeutics recently announced a proposed public offering of common stock and pre-funded warrants.

What Leap Therapeutics Does: Leap Therapeutics is a biopharmaceutical company developing novel therapies designed to treat patients with cancer by inhibiting fundamental tumor-promoting pathways and by harnessing the immune system to attack cancer cells.

Live Current Media

The Trade: Live Current Media Inc. (OTC: LIVC) Director Amir Vahabzadeh acquired a total of 110083 shares at an average price of $0.15. To acquire these shares, it cost $16,516.53.

What’s Happening: The company’s shares have jumped more than 300% year-to-date

What Live Current Media Does: Live Current Media is a digital technology company involved in the entertainment industry.

See more from Benzinga

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  • 10 Biggest Price Target Changes For Wednesday

  • 5 Stocks Insiders Are Selling

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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