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Orbit Garant Drilling (TSE:OGD) Share Price Passes Above Two Hundred 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 passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$1.04 and traded as high as C$1.61. Orbit Garant Drilling shares last traded at C$1.57, with a volume of 13,220 shares traded.

Orbit Garant Drilling Stock Down 2.1%

The company has a market cap of C$51.11 million, a PE ratio of 22.49, a PEG ratio of 0.65 and a beta of 2.27. 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 firm has a fifty day simple moving average of C$1.35 and a 200 day simple moving average of C$1.06.

Insiders Place Their Bets

In related news, insider 6705570 Canada Inc. sold 25,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$1.14, for a total transaction of C$28,527.50. Insiders have sold a total of 51,500 shares of company stock valued at $58,010 over the last quarter. 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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