Organto Foods (CVE:OGO) Stock Price Down 4.5% – Here’s Why

Organto Foods Inc. (CVE:OGO) shares dropped 4.5% during mid-day trading on Monday . The stock traded as low as C$0.62 and last traded at C$0.63. 11,510 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 77,975 shares. The stock had previously closed at C$0.66.

Organto Foods Stock Performance

The company has a market cap of C$108.07 million, a PE ratio of -4.38 and a beta of 1.62. The company has a debt-to-equity ratio of 7,545.02, a quick ratio of 1.14 and a current ratio of 0.66. The stock’s 50-day simple moving average is C$0.72 and its 200 day simple moving average is C$0.83.

Insider Transactions at Organto Foods

In related news, Director Peter Lawrence Gianulis sold 105,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at C$79,173.71. This represents a 50.52% decrease in their ownership of the stock. 32.36% of the stock is owned by corporate 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.