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

Orbit Garant Drilling Inc. (TSE:OGDGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.68 and traded as high as C$0.79. Orbit Garant Drilling shares last traded at C$0.79, with a volume of 1,000 shares trading hands.

Orbit Garant Drilling Stock Performance

The company has a quick ratio of 1.01, a current ratio of 2.80 and a debt-to-equity ratio of 56.65. The company has a market capitalization of C$30.27 million, a PE ratio of -20.25, a PEG ratio of 0.65 and a beta of 2.27. The business has a 50 day simple moving average of C$0.80 and a 200 day simple moving average of C$0.68.

About Orbit Garant Drilling

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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.

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