Organto Foods (CVE:OGO) Sets New 12-Month Low – Here’s Why

Organto Foods Inc. (CVE:OGO)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.46 and last traded at C$0.46, with a volume of 8010 shares trading hands. The stock had previously closed at C$0.53.

Organto Foods Stock Down 16.0%

The stock’s fifty day moving average is C$0.68 and its two-hundred day moving average is C$0.82. The company has a current ratio of 0.66, a quick ratio of 1.14 and a debt-to-equity ratio of 7,545.02. The firm has a market cap of C$84.37 million, a P/E ratio of -3.42 and a beta of 1.62.

Insider Activity at Organto Foods

In other news, Director Peter Lawrence Gianulis sold 105,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$0.77, for a total transaction of C$80,850.00. Following the completion of the transaction, the director directly owned 102,823 shares in the company, valued at C$79,173.71. The trade was a 50.52% decrease in their position. 32.36% of the stock is owned by company insiders.

Organto Foods Company Profile

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. It offers its products through bricks & mortar retail, online retail, convenience and on-the-go, and foodservice distributors.