Organigram Holdings Inc. (TSE:OGI – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$1.43 and last traded at C$1.43, with a volume of 459249 shares trading hands. The stock had previously closed at C$1.49.
Organigram Trading Down 4.0%
The firm’s 50-day moving average price is C$1.75 and its 200-day moving average price is C$2.01. The company has a quick ratio of 2.62, a current ratio of 2.82 and a debt-to-equity ratio of 2.20. The company has a market cap of C$201.31 million, a P/E ratio of -6.68, a price-to-earnings-growth ratio of 0.42 and a beta of 1.45.
Insider Activity
In other news, Director Donald Geoffrey Machum sold 17,929 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$1.86, for a total value of C$33,347.94. Following the sale, the director owned 1,125 shares of the company’s stock, valued at C$2,092.50. The trade was a 94.10% decrease in their ownership of the stock. Insiders have sold a total of 76,647 shares of company stock valued at $142,753 over the last 90 days. Insiders own 31.32% of the company’s stock.
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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