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Insider Selling: Colabor Group Inc. (TSE:GCL) Insider Sells 100,000 Shares of Stock

Colabor Group logo with Consumer Defensive background

Key Points

  • Robert John Briscoe, an insider at Colabor Group Inc., sold 100,000 shares of the company at an average price of C$0.80, totaling C$80,000.
  • Colabor Group's stock decreased by 13.7%, closing at C$0.82, with a trading volume of 654,416 shares, significantly above its average.
  • The company has a market cap of C$80.70 million and has shown significant volatility, with a 52-week low of C$0.70 and a high of C$1.52.
  • MarketBeat previews top five stocks to own in September.

Colabor Group Inc. (TSE:GCL - Get Free Report) insider Robert John Briscoe sold 100,000 shares of the business's 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.

Colabor Group Trading Down 3.6%

TSE GCL traded down C$0.03 on Wednesday, reaching C$0.80. The company had a trading volume of 399,225 shares, compared to its average volume of 97,843. The firm has a market cap of C$78.73 million, a price-to-earnings ratio of 87.95, a P/E/G ratio of 0.61 and a beta of 0.83. Colabor Group Inc. has a fifty-two week low of C$0.70 and a fifty-two week high of C$1.52. The business has a 50 day moving average of C$0.87 and a two-hundred day moving average of C$0.89. The company has a debt-to-equity ratio of 153.61, a current ratio of 1.62 and a quick ratio of 0.76.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Raymond James Financial reduced their price objective on Colabor Group from C$1.80 to C$1.50 and set an "outperform" rating for the company in a research report on Monday. Desjardins reduced their price target on Colabor Group from C$1.75 to C$1.50 and set a "buy" rating for the company in a research report on Monday.

Read Our Latest Report on Colabor Group

Colabor Group Company Profile

(Get Free Report)

Colabor Group Inc, together with its subsidiaries, markets and distributes food and food-related products in Canada. It operates in two segments, Distribution and Wholesale. The Distribution segment offers frozen products, dry staples, dairy products, meat, seafood, fruits and vegetables, disposables, and sanitation products, as well as fish products.

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