Orbit Garant Drilling (TSE:OGD) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Orbit Garant Drilling Inc. (TSE:OGD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.57 and traded as high as C$1.65. Orbit Garant Drilling shares last traded at C$1.60, with a volume of 63,179 shares.

Orbit Garant Drilling Trading Down 3.0%

The firm has a market cap of C$60.40 million, a PE ratio of 8.00, a P/E/G ratio of 0.65 and a beta of 0.46. 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 business has a fifty day moving average price of C$1.68 and a 200 day moving average price of C$1.57.

Insider Activity at Orbit Garant Drilling

In other news, insider Sylvain Laroche sold 25,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of C$1.60, for a total value of C$40,000.00. Following the transaction, the insider owned 212,571 shares in the company, valued at approximately C$340,113.60. This represents a 10.52% decrease in their position. Insiders own 24.36% of the company’s stock.

Orbit Garant Drilling Company Profile

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.