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 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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