06:01:04 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Roots Corp
Symbol ROOT
Shares Issued 41,980,500
Close 2018-01-19 C$ 11.55
Market Cap C$ 484,874,775
Recent Sedar Documents

Globe says Roots CEO Gabel buys shares

2018-01-22 07:46 ET - In the News

The Globe and Mail reports in its Saturday, Jan. 20, edition that Roots ($11.55) shares are up about 13 per cent over the past three months. The Globe's Ted Dixon writes in the Who Is Buying and Selling column that is ahead of the S&P/TSX Composite Index by about 3 per cent over the same period. However, Roots has consistently traded below its October, 2017, initial public offering price of $12. The stock is now within striking distance and it seems chief executive officer James Gabel is betting the stock will overtake it. On Jan. 15, he spent $283,000 buying 25,000 shares at $11.32. He now holds 78,548 shares. The Globe reported on Nov. 14 that BMO Nesbitt Burns analyst John Morris began coverage with on Roots with an "outperform" rating and $13 share target. The shares could then be had for $9.41.

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