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

Shares of Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.27 and traded as high as C$1.67. Orbit Garant Drilling shares last traded at C$1.58, with a volume of 7,432 shares traded.

Orbit Garant Drilling Price Performance

The firm has a market cap of C$59.69 million, a price-to-earnings ratio of 26.26, a PEG ratio of 0.65 and a beta of 2.27. The company's fifty day moving average is C$1.49 and its 200 day moving average is C$1.28. 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 Activity

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