$2.8 Million Bet On Planet Green Holdings? Check Out These 4 Penny Stocks Insiders Are Buying

The Nasdaq Composite closed higher by over 100 points on Thursday. 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.

Planet Green Holdings

• The Trade: Planet Green Holdings Corp. PLAG CEO Bin Zhou bought a total of 5,000,000 shares at an average price of $0.56. To acquire these shares, it cost around $2.8 million.
• What’s Happening: The company’s stock jumped 72% over the past month.
• What Planet Green Does: Planet Green Holdings Corp is a diversified technology and consumer products company with presence in North America and China engaged in Chemical Products, Tea Products and Online Advertising Services.

Ultralife

• The Trade: Ultralife Corporation ULBI CFO and Treasurer Philip A Fain acquired a total of 1,500 shares at an average price of $3.99. The insider spent around $5.99 thousand to buy those shares.
• What’s Happening: Ultralife, last month, named Michael E. Manna as President & CEO.
• What Ultralife Does: Ultralife Corp provides products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government and defense, medical, safety and security, energy, and industrial sectors.

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comScore

• The Trade: comScore, Inc. SCOR 10% owner Pine Investor LLC acquired a total of 1,550,000 shares at an average price of $1.11. To acquire these shares, it cost around $1.71 million.
• What’s Happening: The company, last month, posted a narrower-than-expected quarterly loss.
• What comScore Does: comScore Inc is a United States-based company that provides digital media analytics services to customers in the media, advertising, and marketing industries.

Castellum

• The Trade: Castellum, Inc. CTM Director Jay Wright acquired a total of 75,000 shares at an average price of $0.20. The insider spent $15 thousand to buy those shares.
• What’s Happening: Castellum, last month, announced the signing of a LOI to acquire a government contractor.
• What Castellum Does: Castellum Inc, formerly BioNovelus Inc is engaged in acquiring and growing technology companies in the areas of information technology and cybersecurity with businesses in the public (government) and private (commercial) markets.