Organigram (TSE:OGI) Stock Price Up 2% – Should You Buy?

Shares of Organigram Holdings Inc. (TSE:OGIGet Free Report) were up 2% during mid-day trading on Wednesday . The stock traded as high as C$2.05 and last traded at C$2.00. Approximately 201,555 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 207,436 shares. The stock had previously closed at C$1.96.

Organigram Trading Up 2.0%

The company has a quick ratio of 2.62, a current ratio of 3.36 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of C$247.08 million, a P/E ratio of -4.23, a PEG ratio of 0.42 and a beta of 1.13. The firm has a 50 day moving average of C$1.65 and a 200-day moving average of C$1.86.

About Organigram

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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.

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