Organto Foods (CVE:OGO) Trading Up 24.6% – Here’s What Happened

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

Organto Foods Stock Up 5.6%

The firm’s 50-day moving average price is C$0.55 and its 200 day moving average price is C$0.31. The firm has a market capitalization of C$27.47 million, a price-to-earnings ratio of -2.21 and a beta of 0.39. 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.

Insider Buying and Selling at Organto Foods

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

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.