Insiders Are Buying These 5 Penny Stocks

3. Rezolute Inc (NASDAQ:RZLT)

Number of Hedge Fund Investors: 10

California-based biotechnology company Rezolute Inc (NASDAQ:RZLT) ranks third in our list of the penny stocks insiders are piling into. Daron Evans, Rezolute Inc’s (NASDAQ:RZLT) CFO, on March 8 bought 50,000 shares of Rezolute Inc (NASDAQ:RZLT) at $1.93 per share. Since then through April 2 the stock has gained about 27%. Brian Roberts, Rezolute Inc’s (NASDAQ:RZLT) Chief Medical Officer, also bought 10,000 Rezolute Inc (NASDAQ:RZLT) shares on March 14 at $1.88 per share. Since then the stock is up 32%.