The Valens Company Inc. (VLNS)

[FUNMAN]

Insider Selling: Valens GroWorks Corp. (CVE:VGW) Insider Sells 1,500,000 Shares of Stock

How were they sold at C$0.38?

Posted by Jay Halladay on Jan 21st, 2020

https://slatersentinel.com/news/2020/01/21/insider-selling-valens-groworks-corp-cvevgw-insider-sells-1500000-shares-of-stock.html

Valens GroWorks Corp. (CVE:VGW) insider 1009368 BC LTD. sold 1,500,000 shares of the business’s stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$0.38, for a total value of C$576,000.00. Following the completion of the sale, the insider now directly owns 12,400,553 shares of the company’s stock, valued at C$4,761,812.35.

VGW stock traded down C$0.16 during mid-day trading on Tuesday, reaching C$3.76. 1,430,200 shares of the company traded hands, compared to its average volume of 622,710. The firm has a market cap of $471.90 million and a PE ratio of -20.77. Valens GroWorks Corp. has a fifty-two week low of C$2.60 and a fifty-two week high of C$4.69. The company has a 50 day simple moving average of C$3.15.

Separately, Desjardins reiterated a “buy” rating on shares of Valens GroWorks in a research note on Wednesday, November 6th.