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

Orbit Garant Drilling Inc. (TSE:OGD)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.58 and traded as high as C$1.77. Orbit Garant Drilling shares last traded at C$1.73, with a volume of 66,524 shares changing hands.

Orbit Garant Drilling Price Performance

The stock has a market cap of C$65.57 million, a PE ratio of 8.65, a P/E/G ratio of 0.65 and a beta of 0.40. The business has a fifty day simple moving average of C$1.68 and a two-hundred day simple moving average of C$1.58. The company has a current ratio of 2.58, a quick ratio of 1.01 and a debt-to-equity ratio of 54.62.

Insider Buying and Selling

In other Orbit Garant Drilling news, insider Sylvain Laroche sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of C$1.60, for a total transaction of C$40,000.00. Following the completion of the transaction, the insider owned 212,571 shares of the company’s stock, valued at approximately C$340,113.60. This trade represents a 10.52% decrease in their ownership of the stock. Corporate 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.