Organigram (TSE:OGI) Insider Paolo De Luca Sells 8,652 Shares of Stock

Organigram Holdings Inc. (TSE:OGI) insider Paolo De Luca sold 8,652 shares of Organigram stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of C$2.25, for a total value of C$19,467.00. Following the completion of the sale, the insider directly owned 43,040 shares in the company, valued at approximately C$96,840. The trade was a 16.74% decrease in their position.

Organigram Stock Performance

TSE:OGI opened at C$2.20 on Tuesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 3.36 and a quick ratio of 2.62. Organigram Holdings Inc. has a 1 year low of C$1.22 and a 1 year high of C$2.89. The stock’s 50 day simple moving average is C$2.45 and its two-hundred day simple moving average is C$2.07. The company has a market cap of C$294.54 million, a price-to-earnings ratio of 183.33, a PEG ratio of 0.42 and a beta of 2.19.

About Organigram

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.