Organigram Holdings Inc. (TSE:OGI – Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as C$1.43 and last traded at C$1.43, with a volume of 459249 shares changing hands. The stock had previously closed at C$1.49.
Organigram Stock Down 0.7%
The company has a market cap of C$197.09 million, a P/E ratio of -6.54, a P/E/G ratio of 0.42 and a beta of 1.45. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.82 and a quick ratio of 2.62. The company’s 50-day moving average is C$1.72 and its two-hundred day moving average is C$1.99.
Insider Buying and Selling
In other Organigram news, Director Donald Geoffrey Machum sold 17,929 shares of Organigram stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$1.86, for a total value of C$33,347.94. Following the completion of the sale, the director owned 1,125 shares of the company’s stock, valued at approximately C$2,092.50. The trade was a 94.10% decrease in their position. Over the last ninety days, insiders have sold 76,647 shares of company stock valued at $142,753. Insiders own 31.32% of the company’s stock.
About Organigram
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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