Colabor Group (GCL) Hits New 1-Year Low at $0.49

Colabor Group Inc (TSE:GCL) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.49 and last traded at C$0.49, with a volume of 85000 shares. The stock had previously closed at C$0.50.

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

Colabor Group (TSE:GCL) last released its earnings results on Thursday, May 3rd. The company reported C($0.04) EPS for the quarter. Colabor Group had a negative return on equity of 71.01% and a negative net margin of 5.87%. The company had revenue of C$245.89 million during the quarter.

In other Colabor Group news, insider Lionel Ettedgui purchased 56,500 shares of the stock in a transaction dated Wednesday, May 9th. The shares were purchased at an average cost of C$0.51 per share, with a total value of C$28,815.00. Also, insider The Article 6 Marital Trust Cr purchased 81,500 shares of the stock in a transaction dated Friday, June 22nd. The shares were acquired at an average cost of C$0.51 per share, for a total transaction of C$41,565.00. Insiders acquired 157,000 shares of company stock worth $79,980 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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