when insiders purchase or sell shares it indicates their confidence or concern around the companys 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 benzingas insider transactions platform the trade biosig technologies inc nasdaq bsgm ceo kenneth l londoner acquired a total of 6400 shares at an average price of 309 to acquire these shares it cost 1980224 what’s happening the company’s stock dropped more than 12 over the previous month what biosig technologies does biosig technologies inc is a medical technology company the trade muscle maker inc nasdaq gril director spanos stephen andrew acquired a total of 4300 shares shares at an average price of 117 the insider spent 503100 to buy those shares what’s happening the company last month reported a loss for its second quarter what muscle maker does muscle maker inc is engaged in the restaurant business it offers meals such as chicken seafood pasta hamburgers wraps and flatbread among others the trade phx minerals inc nyse phx 10 owner edenbrook capital llc jonathan brolin acquired a total of 95354 shares at an average price of 252 to acquire these shares it cost 24055521 what’s happening phx minerals recently reported atthemarket equity offering sales program with stifel for up to 3 million shares what phx minerals does phx minerals previously panhandle oil  gas is an oil and natural gas mineral company that has employed a strategy to shift the core of its business away from drilling and toward perpetual mineral and natural gas ownership the trade better choice company inc nyse bttr director john m word iii acquired a total of 25000 shares at an average price of 336 to acquire these shares it cost 8400000 what’s happening better choice company’s board last month authorized a stock repurchase program of up to 2 million of its outstanding common stock valid until december 31 2021 what better choice does better choice co is a pet health and wellness portfolio company offering consumers a wide variety of recognized premium pet products and hempderived cbd supplements