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Orbit Garant Drilling (TSE:OGD) Shares Cross Above 200 Day Moving Average - Should You Sell?

Orbit Garant Drilling logo with Basic Materials background

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.14 and traded as high as C$1.38. Orbit Garant Drilling shares last traded at C$1.38, with a volume of 8,809 shares.

Orbit Garant Drilling Stock Up 1.5%

The firm's 50 day moving average is C$1.42 and its 200-day moving average is C$1.14. The firm has a market cap of C$51.85 million, a PE ratio of 22.81, a P/E/G ratio of 0.65 and a beta of 2.27. The company has a quick ratio of 1.01, a current ratio of 2.58 and a debt-to-equity ratio of 54.62.

Insider Activity

In related news, insider 6705570 Canada Inc. sold 25,000 shares of Orbit Garant Drilling stock in a transaction on Friday, March 14th. The shares were sold at an average price of C$1.11, for a total transaction of C$27,772.50. Also, Director Pierre Rougeau sold 65,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of C$1.41, for a total transaction of C$91,650.00. In the last 90 days, insiders have sold 115,200 shares of company stock valued at $148,178. Company insiders own 24.36% of the company's stock.

About Orbit Garant Drilling

(Get Free Report)

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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