OrganiGram (OGI) Trading Up 8.3%
Shares of OrganiGram Holdings Inc (NASDAQ:OGI) were up 8.3% on Tuesday . The company traded as high as $7.46 and last traded at $7.43. Approximately 961,115 shares changed hands during trading, an increase of 3% from the average daily volume of 930,359 shares. The stock had previously closed at $6.86.
OGI has been the topic of a number of research analyst reports. Paradigm Capital initiated coverage on OrganiGram in a report on Wednesday, April 17th. They set a “buy” rating on the stock. Jefferies Financial Group cut OrganiGram from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.
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OrganiGram Holdings Inc, through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders.
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