Organigram (TSE:OGI) Reaches New 1-Year Low – Here’s Why

Organigram Holdings Inc. (TSE:OGIGet Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$1.29 and last traded at C$1.31, with a volume of 609523 shares trading hands. The stock had previously closed at C$1.37.

Organigram Trading Down 1.6%

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 firm has a market capitalization of C$175.97 million, a price-to-earnings ratio of -5.84, a P/E/G ratio of 0.42 and a beta of 1.45. The business has a fifty day moving average price of C$1.49 and a 200 day moving average price of C$1.85.

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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