RE:Organigram Completes $49 Million ATM Financing In Just 2 MoNew shares were issued at 2.32$, according to calculation of numbers announced.
Q3 2020 earnings estimate is 2 cent loss per share and will be confirmed on July 17.
Average of 4 analysts estimate 2 cent loss per share for the next 4 quarters.
Insiders bought in April at 2.17$ with stock options. Last Insider sale was August 2019 at 6.79$,
according to INK reports with TD Waterhouse.
However, if you backcheck most SP500 companies, Insiders have all been selling since February and CURIOUSLY a few weeks before the Covid-19 crash. What did they know that maybe we don't even know yet ?
Mr, Retail getting screwed again. The only way to survive is to trust the 50 day moving average on any stock.
OGI will be a sell next week as the SP500 will fall below 3000 since we will be all be back under
quarantine soon,
Stay safe and wear a mask at all times outside. (and keep 14 days of food at home in case you become too sick to leave your home.)
OGI will be a buy when they annouce a vaccine.............