Harbour buys more My Food Bag shares

Tue, 30 Mar 2021

Harbour Asset Management now owns more than 8% of My Food Bag as it continues to increase its stake in the meal-kit company.The fund manager has shelled out $3.7 million to buy another 2.3 million shares at an average price of $1.61. The stock closed at this price yesterday, after going public at $1.85.Equity research firm Shareclarity has recently valued the stock at $1.32 per share.Harbour director Andrew Bascand told BusinessDesk earlier this month he was confident the company would outperform expectations and was happy to be patient.Ha...

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