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Orbit Garant Drilling (TSE:OGD) Shares Pass Above 200-Day Moving Average - Time to Sell?

Orbit Garant Drilling logo with Basic Materials background

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.97 and traded as high as C$1.51. Orbit Garant Drilling shares last traded at C$1.48, with a volume of 104,387 shares traded.

Orbit Garant Drilling Price Performance

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 company has a 50 day moving average price of C$1.27 and a 200-day moving average price of C$1.00. The stock has a market capitalization of C$59.69 million, a PE ratio of 26.26, a PEG ratio of 0.65 and a beta of 2.27.

Insider Buying and Selling

In other Orbit Garant Drilling news, insider 6705570 Canada Inc. sold 25,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$1.14, for a total value of C$28,527.50. Insiders sold a total of 51,500 shares of company stock valued at $58,010 over the last three months. Corporate 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.

Further Reading

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