Insider Selling: MediPharm Labs (TSE:LABS) Director Sells C$14,142.88 in Stock

MediPharm Labs Corp. (TSE:LABS) Director Christopher David Taves sold 176,786 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$0.08, for a total value of C$14,142.88. Following the transaction, the director owned 2,847,939 shares in the company, valued at approximately C$227,835.12. This represents a 5.84% decrease in their position.

MediPharm Labs Stock Performance

Shares of MediPharm Labs stock opened at C$0.08 on Monday. The firm has a market cap of C$31.86 million, a P/E ratio of -3.75 and a beta of -0.61. The company has a current ratio of 3.02, a quick ratio of 3.10 and a debt-to-equity ratio of 0.05. MediPharm Labs Corp. has a 12 month low of C$0.06 and a 12 month high of C$0.10. The stock’s fifty day moving average price is C$0.08 and its 200-day moving average price is C$0.07.

About MediPharm Labs

Founded in 2015, MediPharm Labs specializes in the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, active pharmaceutical ingredients (API), and advanced derivative products produced in a GMP-certified facility with ISO-standard clean rooms. MediPharm has invested in an expert research-driven team, state-of-the-art technology, advanced purification methodologies, and purpose-built facilities to deliver pure, trusted, precision-dosed cannabinoid products for domestic and international markets.