Why OrganiGram Holdings Shares Rose 20.9% This Week
Shares of Canadian cannabis company OrganiGram Holdings (NASDAQ: OGI) jumped 20.9% this week, according to data from S&P Global Market Intelligence. The stock opened Monday at $1.47, then reached a high of $1.82 on Wednesday. OrganiGram has a 52-week low of $1.27 and a 52-week high of $3.52. It is one of the few cannabis companies whose shares have stayed relatively steady this year, with the stock down only 0.29% in 2022.
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Investors liked what they saw in the company's second-quarter results, which were released Tuesday morning.
Source Fool.com
