Organigram (TSE:OGI) Shares Down 6.1% – Should You Sell?

Shares of Organigram Holdings Inc. (TSE:OGIGet Free Report) fell 6.1% during mid-day trading on Friday . The stock traded as low as C$1.98 and last traded at C$2.01. 186,343 shares were traded during mid-day trading, an increase of 7% from the average session volume of 174,843 shares. The stock had previously closed at C$2.14.

Organigram Price Performance

The stock has a market cap of C$248.32 million, a price-to-earnings ratio of -4.25, a PEG ratio of 0.42 and a beta of 1.13. The company has a 50-day moving average of C$1.95 and a 200-day moving average of C$1.77. The company has a debt-to-equity ratio of 3.07, a quick ratio of 2.62 and a current ratio of 3.36.

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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