Organigram (TSE:OGI) Shares Up 4.6% – What’s Next?

Shares of Organigram Holdings Inc. (TSE:OGIGet Free Report) shot up 4.6% during mid-day trading on Tuesday . The company traded as high as C$1.38 and last traded at C$1.37. Approximately 74,487 shares traded hands during trading, a decline of 64% from the average daily volume of 209,166 shares. The stock had previously closed at C$1.31.

Organigram Price Performance

The company has a current ratio of 2.82, a quick ratio of 2.62 and a debt-to-equity ratio of 2.20. The stock has a market cap of C$192.86 million, a price-to-earnings ratio of -6.40, a PEG ratio of 0.42 and a beta of 1.45. The stock has a 50-day moving average price of C$1.40 and a two-hundred day moving average price of C$1.74.

Organigram Company Profile

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Organigram Inc is a Canadian licensed producer of cannabis products. Organigram focuses on producing exceptional, indoor-grown cannabis for patients and adult recreational consumers, as well as developing global business partnerships.

Further Reading

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