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Orbit Garant Drilling (TSE:OGD) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Orbit Garant Drilling logo with Basic Materials background

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report)'s stock price crossed 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 company's 50 day moving average is C$1.49 and its 200 day moving average is C$1.28. The company has a current ratio of 2.58, a quick ratio of 1.01 and a debt-to-equity ratio of 54.62. The stock has a market capitalization of C$59.69 million, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27.

Insider Buying and Selling at Orbit Garant Drilling

In other Orbit Garant Drilling news, Director Pierre Rougeau sold 65,000 shares of the firm'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 firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of C$1.53, for a total transaction of C$33,660.00. Company insiders own 24.36% of the company's stock.

About Orbit Garant Drilling

(Get Free Report)

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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