Phoenician Capital Llc Acquires 50,000 Shares of Goodfood Market (TSE:FOOD) Stock

Goodfood Market Corp. (TSE:FOOD) insider Phoenician Capital Llc purchased 50,000 shares of Goodfood Market stock in a transaction that occurred on Wednesday, December 24th. The shares were purchased at an average price of C$0.34 per share, for a total transaction of C$17,000.00. Following the transaction, the insider directly owned 7,950,000 shares in the company, valued at C$2,703,000. This represents a 0.63% increase in their position.

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

• On Tuesday, December 23rd, Phoenician Capital Llc acquired 100,000 shares of Goodfood Market stock. The shares were purchased at an average price of C$0.32 per share, with a total value of C$32,000.00.

Goodfood Market Stock Down 4.8%

TSE FOOD opened at C$0.30 on Monday. The business has a fifty day moving average price of C$0.29 and a two-hundred day moving average price of C$0.26. The stock has a market capitalization of C$29.65 million, a PE ratio of -3.33 and a beta of 1.98. Goodfood Market Corp. has a fifty-two week low of C$0.14 and a fifty-two week high of C$0.53. The company has a debt-to-equity ratio of -212.01, a current ratio of 0.98 and a quick ratio of 0.77.

Goodfood Market (TSE:FOOD) last issued its quarterly earnings results on Tuesday, January 20th. The company reported C($0.03) earnings per share (EPS) for the quarter. Goodfood Market had a negative net margin of 2.14% and a positive return on equity of 12.53%. The business had revenue of C$27.54 million during the quarter. Equities analysts expect that Goodfood Market Corp. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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