Organto Foods (CVE:OGO) Stock Price Up 24.6% – Time to Buy?

Organto Foods Inc. (CVE:OGO)’s stock price shot up 24.6% during mid-day trading on Friday . The stock traded as high as C$0.72 and last traded at C$0.71. 393,487 shares were traded during mid-day trading, an increase of 203% from the average session volume of 130,032 shares. The stock had previously closed at C$0.57.

Organto Foods Trading Up 24.6%

The stock has a market cap of C$26.00 million, a PE ratio of -2.09 and a beta of 0.39. 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 stock has a fifty day moving average price of C$0.54 and a 200 day moving average price of C$0.30.

Insider Buying and Selling

In other news, Director Javier Reyes acquired 100,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were acquired at an average price of C$0.57 per share, for a total transaction of C$57,360.00. 32.36% of the stock is owned by insiders.

Organto Foods Company Profile

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.