Jamieson Wellness (TSE:JWEL) Shares Up 0.8% - Here's Why

Jamieson Wellness Inc. (TSE:JWEL - Get Free Report)'s stock price shot up 0.8% during trading on Tuesday . The company traded as high as C$36.63 and last traded at C$36.56. 44,964 shares changed hands during trading, a decline of 40% from the average session volume of 75,408 shares. The stock had previously closed at C$36.26.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their price target on Jamieson Wellness from C$40.00 to C$42.00 in a report on Friday, May 9th.

Jamieson Wellness Trading Down 1.4%

The stock's fifty day moving average price is C$32.98 and its 200 day moving average price is C$33.29. The stock has a market cap of C$1.51 billion, a P/E ratio of 37.89 and a beta of 0.63. The company has a current ratio of 2.76, a quick ratio of 1.08 and a debt-to-equity ratio of 75.70.

Insider Buying and Selling

In other news, Senior Officer Christopher Snowden sold 37,403 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of C$35.15, for a total transaction of C$1,314,782.78. Also, Senior Officer Joel Scales bought 1,906 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of C$28.34 per share, with a total value of C$54,016.04. Insiders have sold 46,959 shares of company stock valued at $1,651,365 over the last quarter. Corporate insiders own 0.26% of the company's stock.

About Jamieson Wellness

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment.