Executives Buying These 5 Penny Stocks

Although US stock futures traded slightly lower this morning, there were a few notable insider trades.

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.

LiveOne

• The Trade: LiveOne, Inc. (NASDAQ: LVO) CEO and Chairman Robert S Ellin acquired a total of 25,000 shares at an average price of $0.94. To acquire these shares, it cost $23.45 thousand.
• What’s Happening: LiveOne recently posted a Q3 loss of $0.15 per share on sales of $32.90 million.
• What LiveOne Does: LiveOne Inc, formerly LiveXLive Media Inc is the premium internet networks devoted to live music and music-related video content.

Rise Gold

• The Trade: Rise Gold Corp. (OTC: RYES) Director John Proust acquired a total of 3,875 shares at an average price of $0.61. The insider spent around $2.37 thousand to buy those shares.
• What’s Happening: Rise Gold recently reported Water Supply Assessment approval for Idaho-Maryland Mine Project.
• What Rise Gold Does: Rise Gold Corp is a mineral exploration stage mining company and its primary asset is a major past producing Idaho-Maryland Gold Mine property near Grass Valley, California, United States.

Also check this: Insiders Buy Around $112M Of 3 Stocks

Lument Finance Trust

• The Trade: Lument Finance Trust, Inc. (NYSE: LFT) Director Walter Keenan acquired a total of 50,000 shares at an average price of $3.06. To acquire these shares, it cost around $153 thousand.
• What’s Happening: Lument Finance Trust recently reported expiration of transferable rights offering.
• What Lument Finance Trust Does: Lument Finance Trust Inc operates as a real estate investment trust. The company is engaged in investment, financing, and management of a portfolio of commercial real estate debt investments.

Vista Gold

• The Trade: Vista Gold Corp. (NYSE: VGZ) 10% owner Palmedo Peter acquired a total of 1,300,000 shares at an average price of $1.10. The insider spent $1.43 million to buy those shares.
• What’s Happening: The company’s shares gained around 17% over the past month.
• What Vista Gold Does: Vista Gold Corp is a gold mining company. It is engaged in evaluation, acquisition, exploration, and advancement of gold exploration and potential development projects.

OPKO Health

• The Trade: OPKO Health, Inc. (NASDAQ: OPK) 10% owner Frost Gamma Investments Trust acquired a total of 100,000 shares at an average price of $3.04. The insider spent $303.57 thousand to buy those shares.
• What’s Happening: Pfizer and Opko's once-weekly NGENLA injection receives marketing authorization in the EU for the treatment of pediatric growth hormone deficiency.
• What OPKO Health Does: Opko Health is a diversified biotechnology company that operates pharmaceutical and diagnostic development programs. Opko's diagnostics business includes a core genetic testing operation.