Organigram (TSE:OGI) Reaches New 1-Year Low – Time to Sell?

Organigram Holdings Inc. (TSE:OGIGet Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$1.29 and last traded at C$1.31, with a volume of 609523 shares traded. The stock had previously closed at C$1.37.

Organigram Price Performance

The company has a debt-to-equity ratio of 2.20, a current ratio of 2.82 and a quick ratio of 2.62. The firm’s 50 day moving average is C$1.52 and its 200 day moving average is C$1.86. The firm has a market cap of C$175.97 million, a P/E ratio of -5.84, a price-to-earnings-growth ratio of 0.42 and a beta of 1.45.

Organigram Company Profile

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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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