Organto Foods (CVE:OGO) Trading Up 50% – Time to Buy?

Shares of Organto Foods Inc. (CVE:OGO) were up 50% during trading on Thursday . The company 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 Up 9.5 %

The company’s 50-day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.07. The firm has a market capitalization of C$4.21 million, a P/E ratio of -0.34 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.

Organto Foods Company Profile

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.