Protalix BioTherapeutics And 2 Other Penny Stocks Insiders Are Buying
Portfolio Pulse from Lisa Levin
Insiders at Tecogen Inc. (OTC:TGEN), Protalix BioTherapeutics, Inc. (NYSE:PLX), and Butler National Corporation (OTC:BUKS) have recently purchased shares in their respective companies. Tecogen announced a $1.5 million Credit Agreement, Protalix BioTherapeutics confirmed that its operations have not been affected by the current security situation in Israel, and Butler National disclosed the acquisition of KC Machine.
October 23, 2023 | 12:55 pm
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POSITIVE IMPACT
Butler National's 10% owner purchased 20,000 shares at $0.61 each. The company also disclosed the acquisition of KC Machine.
The purchase of shares by a 10% owner indicates confidence in the company's prospects. The acquisition of KC Machine could potentially enhance the company's offerings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Protalix BioTherapeutics' President and CEO purchased 64,516 shares at $1.40 each. The company confirmed its operations are unaffected by the security situation in Israel.
The CEO's purchase of shares shows confidence in the company's future. The unaffected operations despite the security situation in Israel also indicate stability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Tecogen's director purchased 5,000 shares at $0.92 each. The company also announced a $1.5 million Credit Agreement.
Insider buying often indicates confidence in the company's prospects. The new Credit Agreement could also provide financial stability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100