Orbit Garant Drilling (TSE:OGD) Hits New 52-Week High - Time to Buy?

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as C$1.40 and last traded at C$1.39, with a volume of 92892 shares traded. The stock had previously closed at C$1.21.

Orbit Garant Drilling Stock Down 5.8 %

The stock has a market cap of C$48.12 million, a P/E ratio of 21.17, a PEG ratio of 0.65 and a beta of 2.27. The stock's fifty day simple moving average is C$1.15 and its 200-day simple moving average is C$0.89. The company has a debt-to-equity ratio of 54.62, a current ratio of 2.58 and a quick ratio of 1.01.

Insider Buying and Selling

In other Orbit Garant Drilling news, insider 6705570 Canada Inc. sold 25,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of C$1.11, for a total value of C$27,772.50. Insiders have sold a total of 51,500 shares of company stock valued at $58,010 over the last quarter. Corporate insiders own 24.36% of the company's stock.

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.