Barnwell Industries And 2 Other Penny Stocks Insiders Are Buying – Barnwell Industries (AMEX:BRN)

The Dow Jones index saw a rise of approximately 150 points on Friday, indicating positive market sentiment. Insider transactions, where company insiders buy or sell shares, can provide insights into the company’s future prospects. For investors and traders interested in penny stocks, these transactions can be a crucial factor to consider when making investment decisions.

Here are a few recent notable insider transactions in penny stocks:

1. Barnwell Industries: Ned L. Sherwood Revocable Trust, a 10% owner, purchased 38,324 shares of Barnwell Industries (BRN) at an average price of $2.76, totaling around $105,773. The company recently announced a planned CEO succession. Barnwell Industries is an oil and gas firm involved in acquiring, developing, producing, and selling oil and natural gas.

2. IZEA Worldwide: GP Cash Management, Ltd., a 10% owner, acquired 101,337 shares of IZEA Worldwide (IZEA) at an average price of $2.67, costing around $271,059. The company reported downbeat quarterly results on April 1. IZEA Worldwide specializes in providing software solutions and professional services that connect brands with social influencers and content creators.

3. Earth Science Tech: Director Yovan Arturo Sanchez purchased 92,530 shares of Earth Science Tech (ETST) at an average price of $0.06, spending approximately $5,459. The company announced a $5 million common stock repurchase program on Jan. 29. Earth Science Tech is a diversified holding company focusing on emerging opportunities in the health and wellness industry.

These insider transactions provide valuable insights for investors and traders looking to make informed decisions in the penny stock market. Stay informed about potential opportunities and developments in the market to make strategic investment choices.