Organto Foods (CVE:OGO) Trading 24.6% Higher – Here’s Why

Organto Foods Inc. (CVE:OGO) shares shot up 24.6% on Friday . The company 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 Stock Performance

The company has a debt-to-equity ratio of 7,545.02, a current ratio of 0.66 and a quick ratio of 1.14. The stock’s 50 day simple moving average is C$0.55 and its two-hundred day simple moving average is C$0.31. The stock has a market cap of C$27.47 million, a P/E ratio of -2.21 and a beta of 0.39.

Insiders Place Their Bets

In related news, Director Javier Reyes purchased 100,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of C$0.57 per share, with a total value of C$57,360.00. Insiders own 32.36% of the company’s stock.

About Organto Foods

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.