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Orbit Garant Drilling (TSE:OGD) Shares Pass Above 200-Day Moving Average - Time to Sell?

Orbit Garant Drilling logo with Basic Materials background

Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Orbit Garant Drilling Stock Performance

The business has a 50-day simple moving average of C$1.27 and a two-hundred day simple moving average of C$0.99. The company has a debt-to-equity ratio of 54.62, a quick ratio of 1.01 and a current ratio of 2.58. The stock has a market cap of C$59.69 million, a price-to-earnings ratio of 26.26, a P/E/G ratio of 0.65 and a beta of 2.27.

Insider Buying and Selling

In related news, insider 6705570 Canada Inc. sold 25,000 shares of Orbit Garant Drilling stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$1.14, for a total value of C$28,527.50. Over the last three months, insiders have sold 51,500 shares of company stock worth $58,010. 24.36% of the stock is owned by company insiders.

About Orbit Garant Drilling

(Get Free Report)

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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