Organigram (TSE:OGI) Trading Down 0.5% - Here's Why

Key Points

• Organigram Holdings Inc. shares decreased by 0.5% to C$2.07, with trading volume down 71% from its average.
• The company has a market cap of C$255.73 million and a negative P/E ratio of -4.38.
• Organigram specializes in producing indoor-grown cannabis products aimed at both patients and recreational consumers.

Organigram Holdings Inc. (TSE:OGI - ) shares dropped 0.5% during trading on Friday . The stock traded as low as C$2.01 and last traded at C$2.07. Approximately 50,748 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 175,631 shares. The stock had previously closed at C$2.08.

Organigram Stock Down 0.5%

The company has a quick ratio of 2.62, a current ratio of 3.36 and a debt-to-equity ratio of 3.07. The company has a market cap of C$255.73 million, a P/E ratio of -4.38, a price-to-earnings-growth ratio of 0.42 and a beta of 1.13. The company has a fifty day moving average of C$1.91 and a 200 day moving average of C$1.80.

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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