Orbit Garant Drilling (TSE:OGD) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Orbit Garant Drilling Inc. (TSE:OGD)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.97 and traded as high as C$1.51. Orbit Garant Drilling shares last traded at C$1.48, with a volume of 104,387 shares traded.

Orbit Garant Drilling Stock Performance

The stock’s 50 day moving average price is C$1.24 and its 200 day moving average price is C$0.97. The company has a current ratio of 2.58, a quick ratio of 1.01 and a debt-to-equity ratio of 54.62. The firm has a market cap of C$55.21 million, a PE ratio of 24.29, a P/E/G ratio of 0.65 and a beta of 2.27.

Insiders Place Their Bets

In other news, insider 6705570 Canada Inc. sold 25,000 shares of Orbit Garant Drilling stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$1.14, for a total transaction of C$28,527.50. Insiders have sold a total of 51,500 shares of company stock worth $58,010 over the last quarter. 24.36% of the stock is owned by corporate insiders.

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.