Organigram (TSE:OGI) Reaches New 12-Month Low – Here’s Why

Organigram Holdings Inc. (TSE:OGI)’s share price reached a new 52-week low on Monday . The company traded as low as C$1.43 and last traded at C$1.43, with a volume of 459249 shares. The stock had previously closed at C$1.49.

Organigram Stock Down 4.0%

The stock’s fifty day moving average is C$1.75 and its two-hundred day moving average is C$2.01. The company has a current ratio of 2.82, a quick ratio of 2.62 and a debt-to-equity ratio of 2.20. The firm has a market cap of C$201.31 million, a P/E ratio of -6.68, a price-to-earnings-growth ratio of 0.42 and a beta of 1.45.

Insiders Place Their Bets

In related news, Director Donald Geoffrey Machum sold 17,929 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of C$1.86, for a total transaction of C$33,347.94. Following the sale, the director owned 1,125 shares of the company’s stock, valued at approximately C$2,092.50. This represents a 94.10% decrease in their position. Over the last 90 days, insiders have sold 76,647 shares of company stock worth $142,753. Corporate insiders own 31.32% of the company’s stock.

Organigram Company Profile

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.