Organto Foods (CVE:OGO) Trading Down 4.5% – What’s Next?

Organto Foods Inc. (CVE:OGO) shares dropped 4.5% during mid-day trading on Monday . The stock traded as low as C$0.62 and last traded at C$0.63. Approximately 11,510 shares were traded during trading, a decline of 85% from the average daily volume of 77,975 shares. The stock had previously closed at C$0.66.

Organto Foods Stock Performance

The stock’s 50-day moving average is C$0.72 and its 200-day moving average is C$0.83. The stock has a market cap of C$119.45 million, a price-to-earnings ratio of -4.85 and a beta of 1.62. The company has a debt-to-equity ratio of 7,545.02, a current ratio of 0.66 and a quick ratio of 1.14.

Insider Buying and Selling at Organto Foods

In other Organto Foods news, Director Peter Lawrence Gianulis sold 105,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$0.77, for a total transaction of C$80,850.00. Following the transaction, the director owned 102,823 shares of the company’s stock, valued at C$79,173.71. This represents a 50.52% decrease in their position. 32.36% of the stock is currently owned by corporate insiders.

Organto Foods Company Profile

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.