Colabor Group Inc. (TSE:GCL - Get Free Report)'s share price fell 58.7% during trading on Saturday . The company traded as low as C$0.13 and last traded at C$0.26. 5,638,897 shares were traded during trading, an increase of 4,566% from the average session volume of 120,844 shares. The stock had previously closed at C$0.63.
Analysts Set New Price Targets
GCL has been the topic of a number of recent research reports. Desjardins decreased their price objective on Colabor Group from C$1.75 to C$1.50 and set a "buy" rating on the stock in a research report on Monday, July 28th. Raymond James Financial reduced their price objective on Colabor Group from C$1.80 to C$1.50 and set an "outperform" rating on the stock in a report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of C$1.50.
Check Out Our Latest Stock Report on GCL
Colabor Group Price Performance
The company has a debt-to-equity ratio of 153.61, a quick ratio of 0.76 and a current ratio of 1.62. The stock has a 50 day simple moving average of C$0.67 and a two-hundred day simple moving average of C$0.80. The firm has a market cap of C$26.52 million, a PE ratio of -6.50, a price-to-earnings-growth ratio of 0.61 and a beta of -0.17.
Insider Transactions at Colabor Group
In other news, insider Robert John Briscoe sold 100,000 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of C$0.80, for a total transaction of C$80,000.00. Insiders own 25.04% of the company's stock.
Colabor Group Company Profile
(
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Colabor Group Inc is a wholesaler and distributor of food and related products in Canada. The company operates in two segments Distribution and Wholesale segment. Its Distribution segment operations include the distribution of food products and related products in hotels, restaurants and institutions (HRI) and retail market.
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