Organto Foods (CVE:OGO) Stock Price Up 2.9% – Still a Buy?

Organto Foods Inc. (CVE:OGO) shares 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 changed hands during trading, a decline of 84% from the average session volume of 86,202 shares. The stock had previously closed at C$0.68.

Organto Foods Trading Up 2.9%

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. The business’s fifty day simple moving average is C$0.77 and its 200 day simple moving average is C$0.84. The stock has a market cap of C$132.72 million, a price-to-earnings ratio of -5.38 and a beta of 1.42.

Insider Activity

In other news, Director Peter Lawrence Gianulis sold 105,000 shares of Organto Foods 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 transaction, the director directly owned 102,823 shares of the company’s stock, valued at approximately C$79,173.71. The trade was a 50.52% decrease in their position. 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.