The stock of Organigram Holdings Inc (CVE:OGI) hit a new 52-week high and has $5.52 target or 97.00% above today’s $2.80 share price. The 8 months bullish chart indicates low risk for the $200.16 million company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $5.52 price target is reached, the company will be worth $194.16 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.17M shares traded hands or 99.37% up from the average. Organigram Holdings Inc (CVE:OGI) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.
More notable recent Organigram Holdings Inc (CVE:OGI) news were published by: Marketwatch.com which released: “OrganiGram Holdings Inc. Announces Issuance of Stock Options” on June 28, 2016, also Marketwired.com with their article: “OrganiGram Holdings Inc. Receives License to Sell Oil Extracts” published on June 22, 2016, Marketwired.com published: “OrganiGram Holdings Announces $17.5 Million Bought Deal” on August 03, 2016. More interesting news about Organigram Holdings Inc (CVE:OGI) were released by: Business.Financialpost.com and their article: “Podcast: Organigram Holdings Inc CEO Denis Arsenault on preparing for the …” published on May 13, 2016 as well as Marketwired.com‘s news article titled: “OrganiGram Holdings Announces $9 Million Bought Deal” with publication date: May 11, 2016.
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