The stock of Organigram Holdings Inc (CVE:OGI) reached all time high today, Nov, 11 and still has $7.32 target or 140.00% above today’s $3.05 share price. This indicates more upside for the $225.85 million company. This technical setup was reported by Barchart.com. If the $7.32 PT is reached, the company will be worth $316.19M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 4.43 million shares traded hands or 97.77% up from the average. Organigram Holdings Inc (CVE:OGI) has risen 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% 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 Marketwatch.com‘s news article titled: “OrganiGram Holdings Announces Closing of $10M Bought Deal Financing and …” with publication date: June 02, 2016.
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