Organto Foods (CVE:OGO) Stock Price Up 50% – Still a Buy?

Organto Foods Inc. (CVE:OGOGet Free Report) was up 50% on Thursday . The company traded as high as C$0.14 and last traded at C$0.09. Approximately 558,200 shares were traded during mid-day trading, an increase of 2,763% from the average daily volume of 19,498 shares. The stock had previously closed at C$0.06.

Organto Foods Price Performance

The company has a market cap of C$3.30 million, a price-to-earnings ratio of -0.26 and a beta of 0.39. The company’s 50-day simple moving average is C$0.06 and its 200-day simple moving average is C$0.07. The company has a debt-to-equity ratio of 7,545.02, a current ratio of 0.66 and a quick ratio of 1.14.

Organto Foods Company Profile

(Get Free Report)

Organto Foods Inc engages in the sourcing, processing, packaging, distribution, and marketing of organic and value-added fruit, and vegetable products. The company's products include vegetable and fruit products comprising asparagus, avocado, blueberries, ginger, herbs, mango, limes, raspberries, snow peas, sugar snaps, fine green beans, and other products under the I AM Organic, Awesome, Fresh Organic Choice brands.

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