Organto Foods (CVE:OGO) Trading Up 50% – Should You Buy?

Organto Foods Inc. (CVE:OGO) shares shot up 50% during mid-day trading on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.09. 125,500 shares traded hands during trading, an increase of 544% from the average session volume of 19,498 shares. The stock had previously closed at C$0.06.

Organto Foods Stock Performance

The company has a debt-to-equity ratio of 7,545.02, a quick ratio of 1.14 and a current ratio of 0.66. The company has a market capitalization of C$3.85 million, a price-to-earnings ratio of -0.31 and a beta of 0.39. The firm has a 50-day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.07.

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.