Insider Selling: Organigram (TSE:OGI) Insider Sells 28,242 Shares of Stock

Organigram Holdings Inc. (TSE:OGI) insider Beena Goldenberg sold 28,242 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of C$2.49, for a total transaction of C$70,322.58. Following the completion of the transaction, the insider owned 111,063 shares of the company’s stock, valued at C$276,546.87. The trade was a 20.27% decrease in their ownership of the stock.

Beena Goldenberg also recently made the following trade(s):

• On Thursday, October 30th, Beena Goldenberg sold 20,058 shares of Organigram stock. The stock was sold at an average price of C$2.25, for a total transaction of C$45,130.50.

Organigram Price Performance

Shares of TSE OGI traded down C$0.05 during trading hours on Friday, hitting C$2.11. 117,363 shares of the stock were exchanged, compared to its average volume of 176,953. The company’s fifty day simple moving average is C$2.43 and its two-hundred day simple moving average is C$2.11. The company has a market cap of C$282.50 million, a PE ratio of 175.83, 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.

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.