Organto Foods (CVE:OGO) Trading Up 15.1% – What’s Next?

Organto Foods Inc. (CVE:OGO)’s share price was up 15.1% during mid-day trading on Friday . The company traded as high as C$0.61 and last traded at C$0.55. Approximately 109,600 shares changed hands during trading, an increase of 51% from the average daily volume of 72,536 shares. The stock had previously closed at C$0.48.

Organto Foods Stock Up 15.1%

The stock has a market capitalization of C$104.28 million, a P/E ratio of -4.23 and a beta of 1.62. 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’s fifty day moving average is C$0.66 and its 200-day moving average is C$0.81.

Insider Activity

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

About Organto Foods

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.