Goodfood Market (TSE:FOOD) Trading 16.7% Higher – What’s Next?

Goodfood Market Corp. (TSE:FOOD) shares traded up 16.7% during trading on Friday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 1,486,879 shares traded hands during trading, an increase of 583% from the average session volume of 217,846 shares. The stock had previously closed at C$0.03.

Analyst Upgrades and Downgrades

Separately, Desjardins dropped their price target on Goodfood Market from C$0.15 to C$0.05 in a research report on Thursday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$0.05.

Goodfood Market Trading Up 16.7%

The business has a 50 day moving average of C$0.18 and a 200-day moving average of C$0.22. The stock has a market cap of C$3.48 million, a PE ratio of -0.25 and a beta of 2.04. The company has a current ratio of 0.30, a quick ratio of 0.77 and a debt-to-equity ratio of -139.69.

About Goodfood Market

Goodfood (TSX: FOOD) is a leading meal solutions brand in Canada, delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy delicious meals at home every day. The Goodfood mission is to create experiences that spark joy and help our community live longer on a healthier planet. Goodfood customers have access to uniquely fresh and delicious products, as well as exclusive pricing, made possible by its exceptional culinary team and direct-to-consumer infrastructures and technology.