Organigram (TSE:OGI) Hits New 52-Week High - What's Next?

Key Points

• Organigram Holdings Inc. reached a new 52-week high of C$2.74, marking a significant increase in its share price during mid-day trading.
• The stock is up 16.1% with a market capitalization of C$366.84 million and a PE ratio of 228.33, indicating high investor interest.
• Organigram is a Canadian licensed producer of cannabis products, focusing on producing indoor-grown cannabis for both patients and adult recreational consumers.

Organigram Holdings Inc. (TSE:OGI - ) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2.74 and last traded at C$2.74, with a volume of 833095 shares. The stock had previously closed at C$2.36.

Organigram Stock Up 16.1%

The company's 50 day simple moving average is C$2.20 and its 200-day simple moving average is C$1.87. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.62 and a current ratio of 3.36. The firm has a market capitalization of C$366.84 million, a PE ratio of 228.33, a PEG ratio of 0.42 and a beta of 2.08.

About Organigram

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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