Organto Foods (CVE:OGO) Shares Down 22.8% – Here’s What Happened

Organto Foods Inc. (CVE:OGO) dropped 22.8% during trading on Friday . The stock traded as low as C$0.88 and last traded at C$0.88. Approximately 179,435 shares changed hands during trading, an increase of 22% from the average daily volume of 147,341 shares. The stock had previously closed at C$1.14.

Organto Foods Stock Down 22.8%

The company has a debt-to-equity ratio of 7,545.02, a current ratio of 0.66 and a quick ratio of 1.14. The stock has a market capitalization of C$159.72 million, a P/E ratio of -5.87 and a beta of 0.50. The stock has a 50 day moving average price of C$0.87 and a 200-day moving average price of C$0.72.

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.