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

Key Points

• Orbit Garant Drilling's stock price recently crossed above its 200-day moving average, trading as high as C$1.85 before closing at C$1.79.
• The company's debt-to-equity ratio is 54.62, while it has a market capitalization of C$67.04 million and a PE ratio of 11.19.
• Insider Sylvain Laroche sold 25,000 shares at C$1.60, reducing their ownership by 10.52% to approximately 212,571 shares valued at C$340,113.60.

Orbit Garant Drilling Inc. (TSE:OGD - )'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.49 and traded as high as C$1.85. Orbit Garant Drilling shares last traded at C$1.79, with a volume of 39,282 shares traded.

Orbit Garant Drilling Trading Down 2.2%

The company has a debt-to-equity ratio of 54.62, a current ratio of 2.58 and a quick ratio of 1.01. The company has a fifty day moving average of C$1.61 and a 200-day moving average of C$1.49. The firm has a market capitalization of C$67.04 million, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.65 and a beta of 0.66.

Insider Activity

In related news, insider Sylvain Laroche sold 25,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of C$1.60, for a total transaction of C$40,000.00. Following the completion of the sale, the insider directly owned 212,571 shares in the company, valued at approximately C$340,113.60. This trade represents a 10.52% decrease in their ownership of the stock. 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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