Orbit Garant Drilling (TSE:OGD) Stock Passes Above 200-Day Moving Average – Here’s Why

Orbit Garant Drilling Inc. (TSE:OGD) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.86 and traded as high as C$1.31. Orbit Garant Drilling shares last traded at C$1.25, with a volume of 75,660 shares.

Orbit Garant Drilling Trading Down 3.8 %

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 stock has a market capitalization of C$46.63 million, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The business’s 50-day moving average is C$1.09 and its two-hundred day moving average is C$0.86.

Insider Transactions at Orbit Garant Drilling

In other Orbit Garant Drilling news, insider 6705570 Canada Inc. sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$1.14, for a total transaction of C$28,527.50. In the last quarter, insiders sold 51,500 shares of company stock worth $58,010. Company insiders own 24.36% of the company’s stock.

About Orbit Garant Drilling

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.