Organto Foods (CVE:OGO) Stock Price Up 2.9% – Still a Buy?
by Danessa Lincoln · The Markets DailyShares of Organto Foods Inc. (CVE:OGO – Get Free Report) rose 2.9% during mid-day trading on Thursday . The stock traded as high as C$0.70 and last traded at C$0.70. 13,500 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 86,202 shares. The stock had previously closed at C$0.68.
Organto Foods Trading Down 1.4%
The company has a 50 day simple moving average of C$0.76 and a 200 day simple moving average of C$0.84. The company has a debt-to-equity ratio of 7,545.02, a quick ratio of 1.14 and a current ratio of 0.66. The company has a market capitalization of C$130.82 million, a PE ratio of -5.31 and a beta of 1.42.
Insider Activity
In other news, Director Peter Lawrence Gianulis sold 105,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$0.77, for a total value of C$80,850.00. Following the completion of the sale, the director directly owned 102,823 shares in the company, valued at C$79,173.71. This represents a 50.52% decrease in their ownership of the stock. 32.36% of the stock is 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.