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Organigram (TSE:OGI) Shares Down 6.1% - What's Next?

Organigram logo with Medical background

Key Points

  • Organigram Holdings Inc. (TSE:OGI) shares dropped 6.1% during trading on Friday, with a last traded price of C$2.01.
  • The company has a market cap of C$248.32 million and notable financial metrics including a P/E ratio of -4.25 and a debt-to-equity ratio of 3.07.
  • Organigram is a Canadian licensed producer of cannabis products, focusing on providing indoor-grown cannabis for both medical patients and recreational consumers.
  • Five stocks we like better than Organigram.

Organigram Holdings Inc. (TSE:OGI - Get Free Report) was down 6.1% during mid-day trading on Friday . The company traded as low as C$1.98 and last traded at C$2.01. Approximately 186,343 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 174,843 shares. The stock had previously closed at C$2.14.

Organigram Stock Down 1.0%

The company has a market capitalization of C$255.73 million, a PE ratio of -4.38, a PEG ratio of 0.42 and a beta of 1.13. The company's 50 day moving average is C$1.96 and its two-hundred day moving average is C$1.77. The company has a quick ratio of 2.62, a current ratio of 3.36 and a debt-to-equity ratio of 3.07.

About Organigram

(Get Free Report)

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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