Orbit Garant Drilling (TSE:OGD) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

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.

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Orbit Garant Drilling Price Performance

The business has a fifty day moving average price of C$1.56 and a 200 day moving average price of C$1.38. 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 market cap of C$55.96 million, a price-to-earnings ratio of 24.62, a PEG ratio of 0.65 and a beta of 2.27.

Insider Transactions at Orbit Garant Drilling

In other Orbit Garant Drilling news, Director Pierre Rougeau sold 65,000 shares of the company's stock in a transaction dated 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 company's stock in a transaction dated 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 corporate 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.