Orbit Garant Drilling (TSE:OGD) Sets New 12-Month High - Here's What Happened

Key Points

• Orbit Garant Drilling reached a new 52-week high, trading at C$1.84, reflecting strong market interest with a volume of 36,528 shares.
• The company has a market capitalization of C$68.16 million and a relatively low price-to-earnings ratio of 11.38, indicating potential value for investors.
• Insider trading activity was noted as Senior Officer Daniel Maheu sold 22,000 shares for C$33,660, suggesting possible insights into the company's operations.

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$1.84 and last traded at C$1.84, with a volume of 36528 shares changing hands. The stock had previously closed at C$1.75.

Orbit Garant Drilling Stock Performance

The company's fifty day simple moving average is C$1.60 and its 200 day simple moving average is C$1.48. The company has a current ratio of 2.58, a quick ratio of 1.01 and a debt-to-equity ratio of 54.62. The stock has a market capitalization of C$68.54 million, a P/E ratio of 11.44, a P/E/G ratio of 0.65 and a beta of 0.66.

About Orbit Garant Drilling

Orbit Garant Drilling Inc is a Canadian based drilling company providing services to mining companies through all stages of exploration, development, and production. The company operates a surface and underground diamond drilling business. The firm also manufactures conventional drill rigs while also manufacturing and providing other support equipment such as water recirculation systems, heat recovery systems, and fuel-efficient systems.