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Orbit Garant Drilling (TSE:OGD) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Orbit Garant Drilling logo with Basic Materials background

Shares of Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.17 and traded as high as C$1.54. Orbit Garant Drilling shares last traded at C$1.53, with a volume of 50,350 shares.

Orbit Garant Drilling Stock Performance

The business has a 50-day moving average price of C$1.44 and a 200-day moving average price of C$1.17. The firm has a market capitalization of C$57.07 million, a price-to-earnings ratio of 25.11, 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 Transactions at Orbit Garant Drilling

In other news, Director Pierre Rougeau sold 65,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of C$1.41, for a total transaction of C$91,650.00. 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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