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Orbit Garant Drilling (TSE:OGD) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Orbit Garant Drilling logo with Basic Materials background

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$1.12 and traded as high as C$1.43. Orbit Garant Drilling shares last traded at C$1.39, with a volume of 35,032 shares.

Orbit Garant Drilling Trading Down 2.9%

The business's 50-day moving average is C$1.42 and its two-hundred day moving average is C$1.13. 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$50.73 million, a PE ratio of 22.32, a PEG ratio of 0.65 and a beta of 2.27.

Insider Buying and Selling

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 shares were sold at an average price of C$1.41, for a total value of C$91,650.00. Also, insider 6705570 Canada Inc. sold 25,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$1.14, for a total transaction of C$28,527.50. In the last three months, insiders sold 116,500 shares of company stock valued at $149,660. 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.

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