Organigram (TSE:OGI) Sets New 52-Week Low – Here’s Why

Organigram Holdings Inc. (TSE:OGIGet Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as C$1.35 and last traded at C$1.35, with a volume of 122509 shares traded. The stock had previously closed at C$1.36.

Organigram Stock Performance

The company has a market cap of C$199.90 million, a price-to-earnings ratio of -6.64, a P/E/G ratio of 0.42 and a beta of 1.45. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.82 and a quick ratio of 2.62. The firm has a fifty day simple moving average of C$1.65 and a 200 day simple moving average of C$1.95.

Organigram Company Profile

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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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