Who is she and why does she have that many shares? I don’t have the history. Her moves are quite reckless and contrary to a shareholder friendly company. Greed kills and karma is a bitch.
I don't see this as any kind of a big deal. The shares that are being sold are probably already accounted for as a part of the OS. And they are being sold at a discount C$0.38 cents per share... So it could be that the company is actually buying the shares back from the selling insider at a pre-arranged price and retiring the shares from the OS which actually wouldn't be considered a bad thing. Anyway, it's not affecting the retail trading because it was obviously completed in a single transaction between two private parties with no selling pressure on the retail market value. So no worries here! :-)
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.
News 
Market Data 
Discover 
