Hamed Shahbazi Acquires 2,049,667 Shares of Wellness Lifestyles Inc (WELL) Stock

Wellness Lifestyles Inc (CVE:WELL) Director Hamed Shahbazi purchased 2,049,667 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of C$0.30 per share, for a total transaction of C$614,900.10.

Shares of Wellness Lifestyles Inc (WELL) remained flat at $C$0.40 during midday trading on Tuesday. The company had a trading volume of 37,000 shares, compared to its average volume of 57,932. The stock has a market cap of $16.54 and a price-to-earnings ratio of -8.00. Wellness Lifestyles Inc has a 52-week low of C$0.11 and a 52-week high of C$0.50.

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About Wellness Lifestyles

Wellness Lifestyles Inc, formerly Movarie Capital Ltd, a Canada-based capital pool company. The Company’s principal business is the identification and evaluation of a qualifying transaction and once identified or evaluated, to negotiate the terms upon which the Company may acquire an interest in the asset or business subject to shareholders’ approval and acceptance by regulatory authorities, which will meet the definition of a qualifying transaction.

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