Organigram Global Inc. (NASDAQ:OGI - Get Free Report)'s share price shot up 2.9% during trading on Friday . The stock traded as high as $1.44 and last traded at $1.42. 546,098 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 657,847 shares. The stock had previously closed at $1.38.
Organigram Global Trading Up 2.9%
The company has a market cap of $191.53 million, a PE ratio of 14.30 and a beta of 1.36. The firm's 50-day simple moving average is $1.31 and its two-hundred day simple moving average is $1.29.
Institutional Trading of Organigram Global
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new position in shares of Organigram Global in the fourth quarter valued at about $26,000. Renaissance Technologies LLC boosted its position in Organigram Global by 2.4% in the fourth quarter. Renaissance Technologies LLC now owns 914,648 shares of the company's stock valued at $1,473,000 after buying an additional 21,200 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Organigram Global in the 1st quarter worth approximately $30,000. Cubist Systematic Strategies LLC increased its holdings in Organigram Global by 210.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 45,095 shares of the company's stock worth $73,000 after buying an additional 30,583 shares during the period. Finally, Oxford Asset Management LLP purchased a new position in Organigram Global during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 34.63% of the company's stock.
Organigram Global Company Profile
(
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Organigram Holdings Inc, through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.
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