10 Cheapest Stocks Insiders Are Buying Recently

2. My City Builders, Inc. (OTCPK:MYCB)

Average price per share: $0.40

Market capitalization: $8.07 million

My City Builders is a real estate company that acquires, develops, leases, and sells real estate housing properties to low-income individuals and families. Previously the company was known under the name iMine Corporation, which it changed last year.

On January 22, three investors, including the company’s CEO, and CFO, acquired a total of $1.72 million worth of My City Builders shares at a price of $0.40 per share. Since the beginning of the year, the stock gained 10.25% and is now trading at $0.67 per share. Over the last 12 months, its shares gained 110.16%.

It looks like analysts have not initiated coverage on this stock yet. There could be various reasons for this – this is a young company that hasn’t yet matured in the market. Also, smaller companies do not attract as much attention from analysts compared to larger companies. Furthermore, the company is traded over-the-counter (OTC), which makes it less visible to investors. OTC stocks also tend to have lower trading volumes compared to those on major exchanges, such as NYSE and NASDAQ.