Organto Foods (CVE:OGO) Shares Up 2.9% – Here’s Why

Organto Foods Inc. (CVE:OGO)’s stock price traded up 2.9% during trading on Thursday . The stock traded as high as C$0.70 and last traded at C$0.70. 13,500 shares changed hands during trading, a decline of 84% from the average session volume of 86,202 shares. The stock had previously closed at C$0.68.

Organto Foods Price Performance

The firm has a market capitalization of C$132.72 million, a price-to-earnings ratio of -5.38 and a beta of 1.42. The company has a current ratio of 0.66, a quick ratio of 1.14 and a debt-to-equity ratio of 7,545.02. The business has a 50-day moving average price of C$0.77 and a two-hundred day moving average price of C$0.84.

Insider Buying and Selling

In related news, Director Peter Lawrence Gianulis sold 105,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$0.77, for a total transaction of C$80,850.00. Following the completion of the transaction, the director directly owned 102,823 shares in the company, valued at C$79,173.71. This represents a 50.52% decrease in their position. 32.36% of the stock is currently owned by insiders.

About Organto Foods

Organto Foods Inc engages in the sourcing, processing, packaging, distribution, and marketing of organic and value-added fruit, and vegetable products. The company's products include vegetable and fruit products comprising asparagus, avocado, blueberries, ginger, herbs, mango, limes, raspberries, snow peas, sugar snaps, fine green beans, and other products under the I AM Organic, Awesome, Fresh Organic Choice brands. It offers its products through bricks & mortar retail, online retail, convenience and on-the-go, and foodservice distributors.