Orbit Garant Drilling (TSE:OGD) Stock Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• Orbit Garant Drilling's shares have recently surpassed their 200-day moving average, currently trading at C$1.49 after reaching a high of C$1.52.
• The company reported a market cap of C$55.58 million and has a price-to-earnings ratio of 24.46, indicating a significant presence in the drilling industry.
• Insider sales include a transaction by Director Pierre Rougeau selling 65,000 shares at an average price of C$1.41, signaling insider activity to watch.

Shares of Orbit Garant Drilling Inc. (TSE:OGD - ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.37 and traded as high as C$1.52. Orbit Garant Drilling shares last traded at C$1.49, with a volume of 29,153 shares.

Orbit Garant Drilling Price Performance

The stock has a fifty day moving average of C$1.55 and a two-hundred day moving average of C$1.37. The stock has a market cap of C$55.58 million, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The company has a quick ratio of 1.01, a current ratio of 2.58 and a debt-to-equity ratio of 54.62.

Insiders Place Their Bets

In related news, Director Pierre Rougeau sold 65,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was 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 company's stock in a transaction 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. Corporate insiders own 24.36% of the company's stock.

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.

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