Organto Foods (CVE:OGO) Sets New 12-Month Low – Here’s Why

Organto Foods Inc. (CVE:OGO) hit a new 52-week low on Tuesday . The company traded as low as C$0.46 and last traded at C$0.46, with a volume of 8010 shares. The stock had previously closed at C$0.53.

Organto Foods Trading Down 16.0%

The stock has a market cap of C$84.37 million, a PE ratio of -3.42 and a beta of 1.62. The company has a current ratio of 0.66, a quick ratio of 1.14 and a debt-to-equity ratio of 7,545.02. The firm has a fifty day simple moving average of C$0.68 and a two-hundred day simple moving average of C$0.82.

Insider Buying and Selling at Organto Foods

In related news, Director Peter Lawrence Gianulis sold 105,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director directly owned 102,823 shares of the company’s stock, valued at C$79,173.71. This trade represents a 50.52% decrease in their ownership of the stock. Company insiders own 32.36% of the company’s stock.

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.