Mawson Infrastructure, NRx Pharmaceuticals And This Penny Stock Insiders Are Aggressively Buying

The Nasdaq Composite closed lower by around 66 points on Tuesday. Investors, meanwhile, focused on some 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.3

iCoreConnect

• The Trade: iCoreConnect Inc. ICCT CEO and President Robert P McDermott bought a total of 39,180 shares at an average price of $0.07. To acquire these shares, it cost around $2.94 thousand.
• What’s Happening: The company’s revenue climbed 38% for the third quarter.
• What iCoreConnect Does: iCoreConnect Inc develops and markets secure cloud-based HIPAA compliant software services focused on compliance, workflow/productivity, and electronic health records systems.

NRx Pharmaceuticals

• The Trade: NRx Pharmaceuticals, Inc. NRXP Director Patrick J Flynn acquired a total of 11,750 shares at at an average price of $1.25. The insider spent around $14.66 thousand to buy those shares.
• What’s Happening: NRX Pharmaceuticals recently posted a Q3 loss of $0.14 per share.
• What NRx Pharmaceuticals Does: NRX Pharmaceuticals Inc is a clinical-stage, small molecule pharmaceutical company which develops novel therapeutics for the treatment of central nervous system disorders and life-threatening pulmonary diseases.

Market Volatility Eases Slightly Following Hopes Of China COVID-19 Policy Change

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

Mawson Infrastructure Group

• The Trade: Mawson Infrastructure Group, Inc. MIGI Director Michael Forrest Hughes acquired a total of 35,000 shares at an average price of $0.37. To acquire these shares, it cost around $12.87 thousand.
• What’s Happening: The company recently posted upbeat quarterly sales.
• What Mawson Infrastructure Group Does: Mawson Infrastructure Group Inc is a digital infrastructure provider, with diversified operations across Cryptocurrency Mining and Digital Asset Management.