Colabor Group (TSE:GCL) Trading Down 58.7% - Time to Sell?

Key Points

• Colabor Group's stock price plunged 58.7% during mid-day trading, reaching a low of C$0.13 before closing at C$0.26.
• Two analysts have a "Buy" rating on the stock, with the average target price set at C$1.50, reflecting potential for future growth despite the recent decline.
• The company has a market capitalization of C$26.52 million and significant insider activity, with an insider recently selling 100,000 shares at an average price of C$0.80.

Colabor Group Inc. (TSE:GCL - Get Free Report)'s stock price dropped 58.7% during trading on Saturday . The stock traded as low as C$0.13 and last traded at C$0.26. Approximately 5,638,897 shares were traded during trading, an increase of 4,566% from the average daily volume of 120,844 shares. The stock had previously closed at C$0.63.

Analyst Upgrades and Downgrades

GCL has been the topic of several research analyst reports. Desjardins cut their price target on shares of Colabor Group from C$1.75 to C$1.50 and set a "buy" rating on the stock in a research note on Monday, July 28th. Raymond James Financial lowered their price objective on shares of Colabor Group from C$1.80 to C$1.50 and set an "outperform" rating on the stock in a research report on Monday, July 28th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$1.50.

Colabor Group Trading Down 58.7%

The firm has a market cap of C$26.52 million, a PE ratio of -6.50, a P/E/G ratio of 0.61 and a beta of -0.17. The company's fifty day moving average price is C$0.67 and its two-hundred day moving average price is C$0.80. The company has a quick ratio of 0.76, a current ratio of 1.62 and a debt-to-equity ratio of 153.61.

Insider Buying and Selling at Colabor Group

In other news, insider Robert John Briscoe sold 100,000 shares of Colabor Group stock in a transaction dated Friday, July 25th. The shares were sold at an average price of C$0.80, for a total value of C$80,000.00. 25.04% of the stock is currently owned by insiders.

Colabor Group Company Profile

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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