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

Goodfood Market Corp. (TSE:FOOD) insider Phoenician Capital Llc acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were bought at an average cost of C$0.32 per share, for a total transaction of C$32,000.00. Following the acquisition, the insider directly owned 7,900,000 shares in the company, valued at C$2,528,000. This 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 shares were bought at an average cost of C$0.34 per share, with a total value of C$17,000.00.

Goodfood Market Trading Down 4.8%

Shares of FOOD opened at C$0.30 on Monday. Goodfood Market Corp. has a twelve month low of C$0.14 and a twelve month high of C$0.53. The stock has a market cap of C$29.65 million, a PE 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. The business’s 50-day moving average price is C$0.29 and its 200-day moving average price is C$0.26.

Goodfood Market (TSE:FOOD) last released 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 during the quarter. Goodfood Market had a negative net margin of 2.14% and a positive return on equity of 12.53%. On average, equities analysts forecast that Goodfood Market Corp. will post -0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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