Organto Foods (CVE:OGO) Shares Down 4.5% – What’s Next?

Shares of Organto Foods Inc. (CVE:OGO) traded down 4.5% during trading on Monday . The stock traded as low as C$0.62 and last traded at C$0.63. Approximately 11,510 shares changed hands during 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 Trading Down 4.5%

The company has a market capitalization of C$119.45 million, a PE ratio of -4.85 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 business has a fifty day moving average price of C$0.72 and a 200 day moving average price of C$0.83.

Insider Buying and Selling at Organto Foods

In related news, Director Peter Lawrence Gianulis sold 105,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 102,823 shares of the company’s stock, valued at approximately C$79,173.71. This represents a 50.52% decrease in their position. Insiders own 32.36% of the company’s stock.

About Organto Foods

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.