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The market correction has pushed many stocks to 52-week lows, and many insiders are taking advantage of this opportunity. The amount of insider buying has surged in the last couple of weeks. When you see insider buying at depressed prices, it often means the shares are oversold and offer great long-term value. I have provided links for each stock below that verify the insider buying filed with the SEC.

Golden Star Resources (NYSEMKT:GSS) shares are trading at $2. Golden Star is a gold mining and exploration company based in Colorado. These shares have traded in a range between $1.55 to $6.01 in the last 52 weeks. The 50-day moving average is about $2.23 and the 200-day moving average is $2.88. Earnings estimates for GSS are at 1 cent per share in 2011 and 22 cents for 2012. A director recently bought 50,000 shares.

Magnum Hunter Resources (NYSE:MHR) is trading around $3.85. Magnum is a independent oil and gas company based in Texas. These shares have traded in a range between $2.33 to $8.66 in the last 52 weeks. The 50-day moving average is $4.32 and the 200-day moving average is $6.45. MHR is estimated to lose about 6 cents per share in 2011 and earn about 16 cents in 2012. Magnum controls about 46,000 acres in the Marcellus Shale region, and has exposure to the Eagle Ford and Bakken. A director recently bought 3,000 shares.

Ladenburg Thalmann Financial (NYSEMKT:LTS) shares are trading at $1.56. LTS is an investment brokerage company based in Florida. These shares have traded in a range between 96 cents and $1.92 in the last 52 weeks. The 50-day moving average is $1.49 and the 200-day moving average is $1.28. Earnings estimates are not available. In the past few weeks, directors, the CEO and other insiders have purchased over 100,000 shares.

Red Lion Hotels (NYSE:RLH) is trading around $6.91. Red Lion operates hotels and is based in Washington. These shares have traded in a range between $6.13 and $9.29 in the last 52 weeks. The 50-day moving average is $6.77 and the 200-day moving average is $7.70. RLH is estimated to lose about 26 cents per share in 2011. The Columbia Pacific Opportunity Fund has been consistently buying shares for the past few months.

Ligand Pharmaceuticals, Inc. (NASDAQ:LGND) is trading around $13.39. Ligand is a biotechnology company based in California. These shares have traded in a range from $8.14 to $16.24 in the last 52 weeks. The 50-day moving average is $13.56 and the 200-day moving average is $11.11. LGND is estimated to earn about 50 cents per share in 2011. One director recently reported buying over 10,000 shares.

Smithfield Foods, Inc., (NYSE:SFD) is trading around $21.42. Smithfield is a meat company based in Virginia. These shares have traded in a range between $14.82 and $24.93 in the last 52 weeks. The 50-day moving average is $20.03 and the 200-day moving average is $21.39. Earnings estimates are for $2.29 for 2011 and $3.39 for 2012. The CEO recently bought 10,000 shares, and other insiders have been buying as well.

Data sourced from Yahoo Finance and Insidercow.com.

Disclaimer: The information and data is believed to be accurate, but no guarantees or representations are made. Rougemont is not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only.

Source: 6 Stocks Insiders Are Buying Now