Gregory Guyatt Sells 9,407 Shares of Organigram (TSE:OGI) Stock

Organigram Holdings Inc. (TSE:OGI) insider Gregory Guyatt sold 9,407 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of C$2.25, for a total value of C$21,165.75. Following the completion of the transaction, the insider directly owned 17,356 shares in the company, valued at C$39,051. This trade represents a 35.15% decrease in their ownership of the stock.

Organigram Price Performance

OGI stock opened at C$2.15 on Wednesday. The firm has a market cap of C$288.15 million, a P/E ratio of 179.17, a price-to-earnings-growth ratio of 0.42 and a beta of 2.16. 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 Holdings Inc. has a 1 year low of C$1.22 and a 1 year high of C$2.89. The stock has a 50-day simple moving average of C$2.45 and a 200-day simple moving average of C$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.