Orbit Garant Drilling (TSE:OGD) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.23 and traded as high as C$1.78. Orbit Garant Drilling shares last traded at C$1.75, with a volume of 5,671 shares traded.

Orbit Garant Drilling Stock Up 0.6%

The stock has a fifty day moving average of C$1.48 and a 200 day moving average of C$1.24. The firm has a market capitalization of C$65.28 million, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The company has a debt-to-equity ratio of 54.62, a current ratio of 2.58 and a quick ratio of 1.01.

Insiders Place Their Bets

In other Orbit Garant Drilling news, Director Pierre Rougeau sold 65,000 shares of the business's stock in a transaction on 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 business's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of C$1.53, for a total value of C$33,660.00. Company insiders own 24.36% of the company's stock.

Orbit Garant Drilling Company Profile

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.