Colabor Group (GCL) Trading 28.6% Higher After Insider Buying Activity

Shares of Colabor Group Inc (TSE:GCL) traded up 28.6% during mid-day trading on Thursday following insider buying activity. The stock traded as high as C$0.63 and last traded at C$0.63. 166,200 shares changed hands during mid-day trading, an increase of 94% from the average session volume of 85,589 shares. The stock had previously closed at C$0.49.

Specifically, insider Robert John Briscoe acquired 144,500 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was acquired at an average price of C$0.45 per share, for a total transaction of C$65,025.00. Also, insider Lionel Ettedgui acquired 80,000 shares of the firm’s stock in a transaction dated Friday, October 26th. The stock was bought at an average price of C$0.43 per share, with a total value of C$34,400.00. Insiders bought a total of 394,000 shares of company stock valued at $168,380 in the last quarter.

Colabor Group (TSE:GCL) last posted its earnings results on Thursday, October 18th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$291.01 million for the quarter. Colabor Group had a negative return on equity of 71.01% and a negative net margin of 5.87%.

About Colabor Group (TSE:GCL)

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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