Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

CommScope Holding And 2 Other Stocks Under $3 Insiders Are Buying

Avi Kapoor
April 01, 2024

The Dow Jones index closed higher by around 0.1% on Thursday. 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.

Agrify

  • The Trade: Agrify Corporation (NASDAQ:AGFY) Chairman and CEO Raymond Nobu Chang acquired a total of 1,842,104 shares an average price of $0.38. To acquire these shares, it cost around $699,999.
  • What’s Happening: On Feb. 29, Agrify announced a $3.4 million sales order from HarvestWorks Farm.
  • What Agrify Does: Agrify Corp provides hardware and software grow solutions for the indoor agriculture marketplace and provides equipment and solutions for cultivation, extraction, post-processing, and testing for the cannabis and hemp industry.

CommScope Holding

  • The Trade: CommScope Holding Company, Inc. (NASDAQ:COMM) EVP and CFO Kyle David Lorentzen acquired a total of 11,600 shares at at an average price of $1.25. To acquire these shares, it cost around $ $14,500.
  • What’s Happening: On March 13, B of A Securities analyst Tal Liani maintained CommScope Hldg with an Underperform and lowered the price target from $2 to $1.
  • What CommScope Holding Does: CommScope Holding Co Inc is a provider of infrastructure solutions for communication, data center and entertainment networks.

Check This Out: How To Earn $500 A Month From Verizon Stock On Heels Of Analyst Upgrade

Rezolute

  • The Trade: Rezolute, Inc. (NASDAQ:RZLT) Chief Medical Officer Brian Kenneth Roberts acquired a total of 500 shares at an average price of $2.55. The insider spent around $1,275 to buy those shares.
  • What’s Happening: On Feb. 13, Rezolute posted a narrower-than-expected quarterly loss.
  • What Rezolute Does: Rezolute Inc is a biopharmaceutical company. The company develops novel, sustained-release injectable therapies.

 

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