Organigram Holdings Inc. (TSE:OGI – Get Free Report) shot up 0.6% during mid-day trading on Tuesday . The stock traded as high as C$1.59 and last traded at C$1.57. Approximately 65,011 shares changed hands during trading, a decline of 68% from the average daily volume of 205,273 shares. The stock had previously closed at C$1.56.
Organigram Stock Performance
The stock’s 50-day moving average is C$1.50 and its 200 day moving average is C$1.63. The stock has a market cap of C$226.32 million, a price-to-earnings ratio of 2.61, a P/E/G ratio of 0.42 and a beta of 1.78. The company has a debt-to-equity ratio of 6.48, a current ratio of 2.61 and a quick ratio of 2.62.
Organigram (TSE:OGI – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported C$0.77 earnings per share (EPS) for the quarter. The company had revenue of C$105.78 million for the quarter. Organigram had a return on equity of 21.99% and a net margin of 28.02%. As a group, analysts predict that Organigram Holdings Inc. will post 0.1632373 earnings per share for the current fiscal year.
About Organigram
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.
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