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

Key Points

• OGD crossed above its 200-day moving average, trading as high as C$1.86 and last at C$1.81 on volume of 53,420 shares versus a 200-day average of C$1.70.
• The company has a market cap of C$68.66 million, a P/E of 12.07, recent quarterly EPS of C$0.03 on C$47.98 million revenue, and analysts forecast about C$0.04 EPS for the fiscal year.
• Orbit Garant Drilling provides surface and underground diamond drilling and manufactures drill rigs and support equipment, operating in Canada, the U.S., Central and South America, and West Africa.

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.70 and traded as high as C$1.86. Orbit Garant Drilling shares last traded at C$1.81, with a volume of 53,420 shares changing hands.

Orbit Garant Drilling Stock Down 1.6%

The firm's fifty day moving average price is C$1.98 and its two-hundred day moving average price is C$1.70. The stock has a market cap of C$68.66 million, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 0.65 and a beta of 1.52. The company has a debt-to-equity ratio of 55.41, a current ratio of 2.50 and a quick ratio of 1.01.

Orbit Garant Drilling (TSE:OGD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported C$0.03 earnings per share for the quarter. Orbit Garant Drilling had a net margin of 2.32% and a return on equity of 6.47%. The firm had revenue of C$47.98 million for the quarter. Sell-side analysts forecast that Orbit Garant Drilling Inc. will post 0.0400267 earnings per share for the current fiscal year.

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. The company operates in Canada, the United States, Central and South America, and West Africa.

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