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Orbit Garant Drilling (TSE:OGD) Stock 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) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.30 and traded as high as C$1.67. Orbit Garant Drilling shares last traded at C$1.67, with a volume of 33,808 shares.

Orbit Garant Drilling Stock Up 1.2%

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 business has a 50 day simple moving average of C$1.52 and a 200-day simple moving average of C$1.32. The firm has a market capitalization of C$61.92 million, a price-to-earnings ratio of 27.25, a P/E/G ratio of 0.65 and a beta of 2.27.

Insider Transactions at Orbit Garant Drilling

In other Orbit Garant Drilling news, Director Pierre Rougeau sold 65,000 shares of Orbit Garant Drilling stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of C$1.41, for a total transaction of C$91,650.00. Also, Senior Officer Daniel Maheu sold 22,000 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$1.53, for a total transaction of C$33,660.00. Corporate 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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