Phoenician Capital Llc Purchases 100,000 Shares of Goodfood Market (TSE:FOOD) Stock

Goodfood Market Corp. (TSE:FOOD) insider Phoenician Capital Llc bought 100,000 shares of Goodfood Market stock in a transaction dated Tuesday, December 23rd. The shares were acquired at an average cost of C$0.32 per share, for a total transaction of C$32,000.00. Following the completion of the purchase, the insider directly owned 7,900,000 shares of the company’s stock, valued at approximately C$2,528,000. This trade represents a 1.28% increase in their position.

Phoenician Capital Llc also recently made the following trade(s):

• On Wednesday, December 24th, Phoenician Capital Llc bought 50,000 shares of Goodfood Market stock. The stock was bought at an average cost of C$0.34 per share, with a total value of C$17,000.00.

Goodfood Market Stock Down 4.8%

Shares of TSE:FOOD traded down C$0.02 during midday trading on Friday, reaching C$0.30. The company’s stock had a trading volume of 39,481 shares, compared to its average volume of 155,495. The firm has a market capitalization of C$29.65 million, a P/E ratio of -3.33 and a beta of 1.98. The company has a quick ratio of 0.77, a current ratio of 0.98 and a debt-to-equity ratio of -212.01. Goodfood Market Corp. has a 12-month low of C$0.14 and a 12-month high of C$0.53. The firm has a 50 day moving average of C$0.29 and a 200-day moving average of C$0.26.

Goodfood Market (TSE:FOOD) last announced its quarterly earnings data on Tuesday, January 20th. The company reported C($0.03) EPS for the quarter. The firm had revenue of C$27.54 million for the quarter. Goodfood Market had a negative net margin of 2.14% and a positive return on equity of 12.53%. On average, research analysts anticipate that Goodfood Market Corp. will post -0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Desjardins lowered their target price on Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating on the stock in a report on Friday, November 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$0.23.

Goodfood Market Company Profile

Goodfood is a leading online grocery company in Canada, delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. Goodfood’s mission is to make the impossible come true, from farm to kitchen, by enabling members to complete their weekly meal planning and grocery shopping in minutes. Goodfood members have access to a unique selection of products and exclusive pricing made possible by its world class direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead.