Organigram (TSE:OGI) Stock Price Up 16.8% – Here’s What Happened

Organigram Holdings Inc. (TSE:OGIGet Free Report)’s stock price shot up 16.8% during trading on Tuesday . The stock traded as high as C$1.69 and last traded at C$1.67. 705,914 shares changed hands during trading, an increase of 235% from the average session volume of 210,834 shares. The stock had previously closed at C$1.43.

Organigram Trading Up 16.8%

The company has a market capitalization of C$235.09 million, a PE ratio of -7.80, a P/E/G ratio of 0.42 and a beta of 1.44. 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 has a fifty day moving average price of C$1.38 and a 200 day moving average price of C$1.71.

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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