Organto Foods (CVE:OGO) Shares Up 50% – Here’s Why

Organto Foods Inc. (CVE:OGOGet Free Report)’s share price was up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.14 and last traded at C$0.09. Approximately 558,200 shares changed hands during trading, an increase of 2,763% from the average daily volume of 19,498 shares. The stock had previously closed at C$0.06.

Organto Foods Stock Performance

The stock has a market capitalization of C$3.30 million, a P/E ratio of -0.26 and a beta of 0.39. The stock’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07. 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.

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.

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