Organto Foods (CVE:OGO) Trading Up 50% – Still a Buy?

Organto Foods Inc. (CVE:OGOGet Free Report) was up 50% during trading on Wednesday . The company traded as high as C$0.14 and last traded at C$0.09. Approximately 558,200 shares changed 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 Performance

The stock has a market capitalization of C$3.30 million, a price-to-earnings ratio of -0.26 and a beta of 0.39. The stock’s 50 day moving average is C$0.06 and its 200 day moving average is C$0.07. The company has a current ratio of 0.66, a quick ratio of 1.14 and a debt-to-equity ratio of 7,545.02.

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.

Further Reading

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