Vitality Biopharma Inc (OTCMKTS:VBIO) major shareholder Joseph E. Loconti bought 4,447,651 shares of the business’s stock in a transaction on Friday, March 29th. The shares were purchased at an average cost of $0.46 per share, with a total value of $2,045,919.46. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of VBIO remained flat at $$0.44 during trading hours on Friday. 24,735 shares of the stock were exchanged, compared to its average volume of 18,016. Vitality Biopharma Inc has a 1-year low of $0.04 and a 1-year high of $2.33.
Vitality Biopharma (OTCMKTS:VBIO) last announced its quarterly earnings data on Thursday, February 14th. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.10 million for the quarter. Vitality Biopharma had a negative net margin of 2,528.42% and a negative return on equity of 119.95%.
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Vitality Biopharma, Inc engages in the development of cannabinoid pharmaceuticals for the treatment of neurological and inflammatory disorders in the United States. The company's products in pipeline include VBX-100, an oral cannabinoid formulation for inflammatory bowel disease, C.difficile-associated diarrhea and colitis, and narcotic bowel syndrome; and VBX-210, a cannabinoid formulation, which is in preclinical studies for the treatment of gastrointestinal conditions.
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