Orbit Garant Drilling (TSE:OGD) Insider Sylvain Laroche Sells 17,500 Shares

Orbit Garant Drilling Inc. (TSE:OGD) insider Sylvain Laroche sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$1.53, for a total value of C$26,775.00. Following the sale, the insider directly owned 228,970 shares in the company, valued at C$350,324.10. This trade represents a 7.10% decrease in their ownership of the stock.

Orbit Garant Drilling Price Performance

Shares of OGD traded up C$0.04 during mid-day trading on Tuesday, hitting C$1.50. 8,400 shares of the stock were exchanged, compared to its average volume of 47,832. The company has a market cap of C$57.26 million, a PE ratio of 21.43, a price-to-earnings-growth ratio of 0.65 and a beta of 1.45. The company has a debt-to-equity ratio of 58.84, a quick ratio of 1.01 and a current ratio of 2.24. The firm has a 50-day moving average of C$1.75 and a two-hundred day moving average of C$1.70. Orbit Garant Drilling Inc. has a 52-week low of C$1.16 and a 52-week high of C$2.48.

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. The company operates in Canada, the United States, Central and South America, and West Africa.