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More Insider Buying at Aphria Boosts Investor Confidence

May 12, 2017

 (Image Credit - Investment Zen

 

Two weeks ago, we reported on insider buying in shares of Aphria Inc. (TSX:APH)(OTC:APHQF)(FRA:10E). Although the shares acquired made up a tiny percentage of the company's total shares outstanding, it led to a few days of bullish action in

Aphria. That said, the bullish action quickly gave way to selling pressure once more even as insiders have continued to load up on shares in greater quantities.

 

In trading on May 11th the stock reversed A.M. losses to finish the session up 11.53%. Combined with the insider buying, this is a sign that the stock is trying to find a bottom in this range.

 

 

Robert Kozlov, Director and Chair of the Compensation, Nominating and Governance Committee

  • 1,500 shares acquired on May 9th at $5.88 CAD per share = $8,820 CAD

Cole Cacciabillani, Director 

  • 100,000 shares acquired on May 9th at $5.91 CAD per share = $591,000 CAD

Arlene Dickinson, Director

  • 2,000 shares acquired on May 5th at $6.15 CAD per share = $12,300 CAD

  • 5,000 shares bought on May 4th at $6.46 CAD per share = $32,300 CAD

Carl Merton, Chief Financial Officer

  • 2,000 shares bought on April 28th at $5.99 CAD per share = $11,980 CAD

Conclusion

 

Quite a few more shares were bought this time around, making the vote of confidence from Aphria insiders even bigger this time. We'll be watching to see if shares of Aphria can grab a foothold in this range given this vote of confidence and May 11th's trading action. 

 

To stay up to date on the Canadian L.P.s, be sure to subscribe to our Canadian L.P. Updates Newsletter. For more recent news and custom stock charts for Aphria, be sure to check out Aphria's marijuana stock profile. Also, don't forget to connect with us on social media using the links to the right of the article so you never miss a marijuana stock news update.

 

D/M/O

 

Disclaimers

 

We have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article.

 

This site has been designed for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced upon the site. The services and information provided through this site are for personal, non-commercial, educational use and display. Dailymarijuanaobserver.com does not provide investment advice through this site and does not represent that the securities or services discussed are suitable for any investor. Investors are advised not to rely on any information contained in the site in the process of making a fully informed investment decision.

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