Colabor Group (GCL) Trading Down 4.1%
Shares of Colabor Group Inc. (TSE:GCL) were down 4.1% on Tuesday . The stock traded as low as C$0.75 and last traded at C$0.77. Approximately 97,349 shares changed hands during trading, a decline of 34% from the average daily volume of 148,018 shares. The stock had previously closed at C$0.74.
Separately, TD Securities decreased their price objective on shares of Colabor Group from C$1.20 to C$0.70 and set a “hold” rating for the company in a research note on Friday, October 20th.
In other Colabor Group news, insider Robert John Briscoe acquired 45,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was acquired at an average cost of C$0.77 per share, for a total transaction of C$34,650.00. Over the last 90 days, insiders have acquired 1,174,500 shares of company stock valued at $885,703.
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Colabor Group Company Profile
Colabor Group Inc is a Canada-based distributor of food and food-related products. The Company serves foodservice and retail markets. The Company operates through two segments: Distribution and Wholesale. The Distribution Segment includes operating activities, such as Summit Foodservice, which is a distributor and master food wholesaler; Skor Cash & Carry Division, which operates over five Cash & Carry locations in southern Ontario and offers over 12,000 retail and food service products; Colabor Food Distributor, which is a distributor to foodservice and retail customers; Les Pecheries Norref Quebec Inc, which is a fresh fish and seafood products importer and distributor in the province of Quebec, and Lauzon Meats is a distributor of Cargill beef brands.
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