Organigram (TSE:OGI) Shares Up 4.6% – Time to Buy?

Organigram Holdings Inc. (TSE:OGIGet Free Report)’s share price shot up 4.6% during trading on Tuesday . The company traded as high as C$1.38 and last traded at C$1.37. Approximately 74,487 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 209,166 shares. The stock had previously closed at C$1.31.

Organigram Stock Up 4.6%

The firm has a market capitalization of C$192.86 million, a P/E ratio of -6.40, a PEG ratio of 0.42 and a beta of 1.45. The company has a debt-to-equity ratio of 2.20, a quick ratio of 2.62 and a current ratio of 2.82. The business’s fifty day moving average price is C$1.40 and its two-hundred day moving average price is C$1.74.

Organigram Company Profile

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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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