Organto Foods (CVE:OGO) Stock Falls 4.8% – Here’s Why

Organto Foods Inc. (CVE:OGO – Get Free Report)’s stock price was down 4.8% on Thursday. The company traded as low as C$0.40 and last traded at C$0.40. Approximately 23,192 shares were traded during mid-day trading, a decline of 64% from the average session volume of 63,916 shares. The stock had previously closed at C$0.42.

Organto Foods Trading Down 4.8%

The business’s 50 day moving average price is C$0.52 and its two-hundred day moving average price is C$0.65. 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 market capitalization of C$75.90 million, a price-to-earnings ratio of -13.33 and a beta of 1.27.

About Organto Foods

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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.

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