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Orbit Garant Drilling (TSE:OGD) Shares Pass Above 200 Day Moving Average - Here's Why

Orbit Garant Drilling logo with Basic Materials background

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.01 and traded as high as C$1.62. Orbit Garant Drilling shares last traded at C$1.56, with a volume of 42,994 shares changing hands.

Orbit Garant Drilling Stock Up 0.6 %

The company has a quick ratio of 1.01, a current ratio of 2.58 and a debt-to-equity ratio of 54.62. The firm has a market capitalization of C$59.31 million, a PE ratio of 26.10, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The business's 50-day moving average price is C$1.31 and its 200-day moving average price is C$1.02.

Insiders Place Their Bets

In other Orbit Garant Drilling news, insider 6705570 Canada Inc. sold 25,000 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$1.14, for a total value of C$28,527.50. Insiders sold a total of 51,500 shares of company stock worth $58,010 in the last quarter. 24.36% of the stock is currently owned by corporate insiders.

Orbit Garant Drilling Company Profile

(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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