ORGANIGRAM-TS (TSE:OGI) Shares Down 10.8%

Shares of ORGANIGRAM-TS (TSE:OGI) traded down 10.8% during mid-day trading on Tuesday . The company traded as low as C$3.66 and last traded at C$3.98, 2,964,645 shares traded hands during mid-day trading. An increase of 136% from the average session volume of 1,257,083 shares. The stock had previously closed at C$4.46.

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ORGANIGRAM-TS in a research report on Tuesday, November 5th.

The company has a quick ratio of 4.14, a current ratio of 9.06 and a debt-to-equity ratio of 14.71.

ORGANIGRAM-TS Company Profile (TSE:OGI)

OrganiGram Holdings Inc, through its subsidiaries, produces and sells dried cannabis and cannabis oil in Canada. It also offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company also exports its products. It sells its products online, as well as through phone orders.

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