Organto Foods (CVE:OGO) Stock Price Up 15.1% – Still a Buy?

Organto Foods Inc. (CVE:OGO)’s stock price rose 15.1% during mid-day trading on Friday . The company traded as high as C$0.61 and last traded at C$0.55. Approximately 109,600 shares traded hands during trading, an increase of 51% from the average session volume of 72,536 shares. The stock had previously closed at C$0.48.

Organto Foods Price Performance

The stock has a market capitalization of C$104.28 million, a price-to-earnings ratio of -4.23 and a beta of 1.62. 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 fifty day simple moving average of C$0.66 and a two-hundred day simple moving average of C$0.81.

Insiders Place Their Bets

In related news, Director Peter Lawrence Gianulis sold 105,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$0.77, for a total transaction of C$80,850.00. Following the completion of the sale, 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 ownership of the stock. 32.36% of the stock is owned by corporate 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.