Colabor Group Inc. (TSE:GCL) dropped 0% during trading on Friday . The company traded as low as C$0.77 and last traded at C$0.78. Approximately 45,286 shares traded hands during trading, a decline of 70% from the average daily volume of 149,160 shares. The stock had previously closed at C$0.78.

Separately, TD Securities lowered their target price on Colabor Group from C$1.20 to C$0.70 and set a “hold” rating on the stock in a report on Friday, October 20th.

In other news, Director Robert John Briscoe bought 163,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired at an average cost of C$0.75 per share, with a total value of C$122,250.00. Insiders purchased a total of 1,019,800 shares of company stock worth $768,774 over the last ninety days.

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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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