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Orbit Garant Drilling (TSE:OGD) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Orbit Garant Drilling logo with Basic Materials background

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.04 and traded as high as C$1.61. Orbit Garant Drilling shares last traded at C$1.57, with a volume of 13,220 shares changing hands.

Orbit Garant Drilling Price Performance

The company has a debt-to-equity ratio of 54.62, a quick ratio of 1.01 and a current ratio of 2.58. The company has a 50-day simple moving average of C$1.35 and a 200-day simple moving average of C$1.06. The company has a market cap of C$51.11 million, a price-to-earnings ratio of 22.49, a PEG ratio of 0.65 and a beta of 2.27.

Insider Transactions at Orbit Garant Drilling

In other news, insider 6705570 Canada Inc. sold 25,000 shares of Orbit Garant Drilling stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$1.14, for a total transaction of C$28,527.50. Insiders have sold a total of 51,500 shares of company stock valued at $58,010 in the last ninety days. 24.36% of the stock is currently owned by company insiders.

About Orbit Garant Drilling

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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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