Orbit Garant Drilling (TSE:OGD) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Orbit Garant Drilling shares have crossed above their 200-day moving average, trading at C$1.66, which is above the C$1.44 average.
• The company's market cap stands at C$62.17 million, with a PE ratio of 10.38 and a PEG ratio of 0.65.
• Insider trading activity includes Senior Officer Daniel Maheu selling 22,000 shares at an average price of C$1.53, indicating significant insider involvement.

Orbit Garant Drilling Inc. (TSE:OGD - )'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.44 and traded as high as C$1.69. Orbit Garant Drilling shares last traded at C$1.66, with a volume of 63,691 shares changing hands.

Orbit Garant Drilling Trading Up 0.6%

The stock's fifty day moving average price is C$1.59 and its 200 day moving average price is C$1.44. The company has a quick ratio of 1.01, a current ratio of 2.58 and a debt-to-equity ratio of 54.62. The stock has a market cap of C$62.17 million, a PE ratio of 10.38, a PEG ratio of 0.65 and a beta of 0.66.

Insider Activity at Orbit Garant Drilling

In other news, Senior Officer Daniel Maheu sold 22,000 shares of the stock in a transaction that occurred 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 currently owned by insiders.

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.

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