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

Organto Foods Inc. (CVE:OGOGet Free Report)’s share price was up 50% during mid-day trading on Thursday . The company traded as high as C$0.14 and last traded at C$0.09. Approximately 558,200 shares traded hands during mid-day 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 firm has a market cap of C$4.21 million, a P/E ratio of -0.34 and a beta of 0.39. The firm’s 50-day moving average price is C$0.07 and its 200 day moving average price 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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