Orbit Garant Drilling (TSE:OGD) Shares Cross Above 200 Day Moving Average - Here's Why

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 Price Performance

The stock has a market capitalization of C$55.96 million, a PE ratio of 24.62, a P/E/G ratio of 0.65 and a beta of 2.27. The firm's 50 day simple moving average is C$1.45 and its 200 day simple moving average is C$1.18. The company has a debt-to-equity ratio of 54.62, a current ratio of 2.58 and a quick ratio of 1.01.

Insider Buying and Selling

In related news, Director Pierre Rougeau sold 65,000 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of C$1.41, for a total transaction of C$91,650.00. Also, Senior Officer Daniel Maheu sold 22,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$1.53, for a total transaction of C$33,660.00. 24.36% of the stock is owned by insiders.

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.