In the last week, two different insiders at Aphria Inc. (TSX:APH)(OTC:APHQF)(FRA:10E) have purchased shares of the company. At the close of trading on Friday April 28th, shares of Aphria were at $6.14 CAD per share. Shares of Aphria are down 30% from their all time intraday high of $8.77 CAD that was set on April 11th.

While some have been shaken out of their investment by this recent volatility, directors and insiders at Aphria have been using this as a buying opportunity. Insider buying is often be a strong indicator of confidence in a company going forward, and we believe this to be the case for Aphria.

Robert Kozlov, Director and Chair of the Compensation, Nominating and Governance Committee

Robert Koxolv filed a Form 10 (Acquisition in the Public Market) with SEDI disclosing his purchases of Aphria common stock this week. The purchases were broken into three separate transactions:

2,000 shares acquired on April 27th at $6.10 CAD per share= CAD$12,200

2,000 shares acquired on April 26th at $6.12 CAD per share= CAD$12,240

2,000 shares acquired on April 25th at $6.40 CAD per share= CAD$12,800

Dr. Philip Waddington, Director

Dr. Philip Waddington filed a Form 10 (Acquisition in the Public Market) with SEDI disclosing his recent purchase of Aphria common shares.

5,000 shares acquired on April 18th at CAD$6.70 per share = CAD$33,500

Conclusion

While the shares acquired make up only a small sliver of the roughly 125 million shares outstanding, this buying is a major vote of confidence from Aphria insiders. Shares of Aphria are up over 2% on news of the filings, and investors seem to be using these price levels as a floor.

For more recent news and custom stock charts for Aphria, be sure to check out Aphria's marijuana stock profile. Also, don't forget to connect with us on social media using the links to the right of the article so you never miss a marijuana stock news update.

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