AusCann Group chairman buys $58,238 worth of shares on-market
Tuesday, 12 March 2019 AusCann Group Holdings Ltd's (ASX:AC8) chairman Mal Washer has purchased 144,000 shares in the company valued at $58,238. The purchase was completed via on-market trades and increases Washer's total holding in the company to 12.85 million shares. Shares in the company last traded at 38 cents, a discount to Washer's average purchase price of 40.44 cents. READ: AusCann Group appoints Teva Pharmaceutical executive as new CEO Recently, AusCann appointed global pharmaceutical business executive Ido Kanyon, as its CEO commencing 22 May 2019. Kanyon brings more than 15 years’ senior executive experience in the pharmaceutical industry most recently at multi-billion dollar Teva Pharmaceutical Industries Ltd (NYSE:TEVA). Teva is the world's largest generic pharmaceutical company which also specialised in the development and commercialisation of active pharmaceutical ingredients and specialty proprietary medicines.
In trading on Friday, apparel stores shares were relative laggards, down on the day by about 2.3%. Helping drag down the group were shares of Ascena Retail Group (ASNA), off about 27.6% and shares of Citi Trends (CTRN) down about 8.6% on the day.
In trading on Wednesday, paper & forest products shares were relative laggards, down on the day by about 1.6%. Helping drag down the group were shares of Resolute Forest Products (RFP), down about 9%..
Credit: Market News Video Duration: 01:08Published