Orbit Garant Drilling (TSE:OGD) Reaches New 1-Year High - Time to Buy?

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 - ) hit a new 52-week high during trading on Monday . The company traded as high as C$1.84 and last traded at C$1.84, with a volume of 36528 shares. The stock had previously closed at C$1.75.

Orbit Garant Drilling Price Performance

The company's 50-day moving average is C$1.59 and its 200-day moving average is C$1.46. The company has a debt-to-equity ratio of 54.62, a current ratio of 2.58 and a quick ratio of 1.01. The firm has a market capitalization of C$68.16 million, a price-to-earnings ratio of 11.38, a PEG ratio of 0.65 and a beta of 0.66.

Insiders Place Their Bets

In other news, Senior Officer Daniel Maheu sold 22,000 shares of the business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$1.53, for a total value of C$33,660.00. Insiders own 24.36% of the company's stock.

Orbit Garant Drilling Company Profile

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.

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