Orbit Garant Drilling (TSE:OGD) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Orbit Garant Drilling Inc. (TSE:OGD)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.80 and traded as high as C$1.16. Orbit Garant Drilling shares last traded at C$1.11, with a volume of 10,700 shares trading hands.

Orbit Garant Drilling Stock Up 9.9 %

The firm has a 50 day moving average of C$1.00 and a two-hundred day moving average of C$0.81. The firm has a market capitalization of C$45.51 million, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The company has a quick ratio of 1.01, a current ratio of 2.58 and a debt-to-equity ratio of 54.62.

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.