Organigram (TSE:OGI) Hits New 1-Year High - Here's Why

Key Points

• Organigram Holdings Inc. shares hit a new 52-week high, trading as high as C$2.89 with a recent price of C$2.85, marking a 5.6% increase.
• The company has a market capitalization of C$380.23 million, a PE ratio of 236.67, and significant debt-to-equity ratio of 3.07.
• Organigram is a Canadian licensed producer of cannabis products, focusing on indoor-grown cannabis for both patients and recreational consumers.

Organigram Holdings Inc. (TSE:OGI - )'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$2.89 and last traded at C$2.85, with a volume of 396023 shares. The stock had previously closed at C$2.69.

Organigram Stock Up 5.6%

The company's fifty day moving average is C$2.32 and its 200-day moving average is C$1.94. The company has a market capitalization of C$380.23 million, a PE ratio of 236.67, a price-to-earnings-growth ratio of 0.42 and a beta of 2.19. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.62 and a current ratio of 3.36.

Organigram Company Profile

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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