Colabor Group (GCL) Sets New 1-Year Low at $0.50

Colabor Group Inc. (TSE:GCL)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.50 and last traded at C$0.50, with a volume of 46094 shares. The stock had previously closed at C$0.51.

Separately, TD Securities decreased their price objective on Colabor Group from C$0.70 to C$0.55 and set a “hold” rating for the company in a report on Friday, May 4th.

In other Colabor Group news, insider Lionel Ettedgui acquired 56,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The stock was acquired at an average cost of C$0.51 per share, with a total value of C$28,815.00. Also, insider Robert John Briscoe acquired 58,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was acquired at an average cost of C$0.65 per share, with a total value of C$38,025.00. Insiders purchased a total of 524,000 shares of company stock valued at $317,515 over the last three months.

Colabor Group Company Profile

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

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