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4 Penny Stocks Insiders Are Buying

Author: Lisa Levin | August 11, 2021 09:43am

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.

Dalrada

The Trade: Dalrada Corporation (OTC:DFCO) CEO Brian Bonar acquired a total of 11250 shares shares at an average price of $0.30. The insider spent $3,355.95 to buy those shares.

What’s Happening: Dalrada Corporation, recently said its subsidiary, Dalrada Health, entered into a joint venture partnership with Vivera Pharmaceutical to form Pala Diagnostics, LLC.

What Dalrada Does: Dalrada Financial is a United States-based company engaged in providing financial, insurance, benefit, and business process outsourcing products and services to companies.

Genufood Energy Enzymes

The Trade: Genufood Energy Enzymes Corp. (OTC:GFOO) Director Wen Piao Lai acquired a total of 11000000 shares at an average price of $0.01. To acquire these shares, it cost $110,000.00.

What’s Happening: The company’ shares have jumped over 42% since the start of the year.

What Genufood Energy Enzymes Does: Genufood Energy Enzymes Corp is a United States-based development stage company.

Martin Midstream Partners

The Trade: Martin Midstream Partners L.P. (NASDAQ:MMLP) Director Ruben S Martin acquired a total of 1181532.1666 shares shares at an average price of $2.90. The insider spent $3,421,172.93 to buy those shares.

What’s Happening: The company, last month, reported a loss for its second quarter.

What Martin Midstream Partners Does: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region.

Marchex

The Trade: Marchex, Inc. (NASDAQ:MCHX) 10% owner Edenbrook Capital Llc, Edenbrook Long Only Value Fund Lp, Jonathan Brolin acquired a total of 75799 shares at an average price of $2.94. To acquire these shares, it cost $223,129.10.

What’s Happening: Marchex, last week, reported strong quarterly results.

What Marchex Does: Marchex Inc is a conversational analytics and solutions company that helps businesses connect, drive, measure, convert callers into customers, and connects the voice of the customer to their business.

Posted In: DFCO GFOO MCHX MMLP

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