HomeMarket NewsMicro Cap StocksInsiders Purchasing 4 Stocks Under $5, Including Martin Midstream Partners

Insiders Purchasing 4 Stocks Under $5, Including Martin Midstream Partners

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Penny Stocks and Insider Transactions

On Tuesday, the Dow Jones closed lower by approximately 200 points. The buying and selling of shares by insiders can indicate their confidence or concern about the company’s future prospects. For investors and traders interested in penny stocks, these insider transactions can be a valuable factor to consider when making investment decisions.

For more information on insider transactions, you can visit Benzinga’s insider transactions platform.

Barnwell Industries

  • The Trade: Ned L Sherwood Revocable Trust, a 10% owner of Barnwell Industries, Inc. (NYSE: BRN), acquired a total of 99,426 shares at an average price of $2.60, for a total cost of around $258,223.
  • What’s Happening: Barnwell Industries reported a net loss of $717,000 ($0.07 per share) for the three months ended June 30, 2023.
  • What Barnwell Industries Does: Barnwell Industries Inc is an oil and gas company that focuses on acquiring, developing, producing, and selling oil and natural gas.

Cadrenal Therapeutics

  • The Trade: Quang Pham, Chairman and CEO of Cadrenal Therapeutics, Inc. (NASDAQ: CVKD), acquired a total of 70,000 shares at an average price of $0.91, spending approximately $63,945.
  • What’s Happening: Cadrenal Therapeutics emphasized the need for a new vitamin K antagonist following updates from the recent European Society of Cardiology Congress.
  • What Cadrenal Therapeutics Does: Cadrenal Therapeutics Inc is focused on developing tecarfarin, a novel therapy with an orphan drug indication, for the prevention of systemic thromboembolism in patients with end-stage renal disease and atrial fibrillation.

BrightRock Gold

  • The Trade: Mahmood Shahsavar Jamshidi, Chairman/CEO of BrightRock Gold Corp. (OTC: BRGC), acquired a total of 52,590 shares at an average price of $0.41, with a total cost of around $21,562.
  • What’s Happening: BrightRock Gold announced the discovery of a significant spodumene deposit at its Midnight Owl location near Wickenburg, Arizona using SpecTir hyperspectral data.
  • What BrightRock Gold Does: BrightRock Gold Corp operates in the gold and silver industry in Ghana.

Martin Midstream Partners

  • The Trade: Ruben S Martin, a Director of Martin Midstream Partners L.P. (NASDAQ: MMLP), acquired a total of 71,120 shares at an average price of $2.97, with a total cost of $211,114.
  • What’s Happening: Martin Midstream Partners reported a decline in second-quarter EPS.
  • What Martin Midstream Partners Does: Martin Midstream Partners LP has a diverse set of operations focused in the United States Gulf Coast region.

Check out Benzinga’s top 5 financial stocks you don’t want to miss this quarter.

Don’t forget to check out our premarket coverage here.

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