Orbit Garant Drilling (TSE:OGD) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Orbit Garant Drilling Inc. (TSE:OGD)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.19 and traded as high as C$1.58. Orbit Garant Drilling shares last traded at C$1.57, with a volume of 3,000 shares changing hands.

Orbit Garant Drilling Stock Performance

The firm has a market cap of C$58.57 million, a price-to-earnings ratio of 25.77, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The firm’s 50 day moving average is C$1.46 and its 200-day moving average is C$1.19. The company has a debt-to-equity ratio of 54.62, a quick ratio of 1.01 and a current ratio of 2.58.

Insiders Place Their Bets

In other news, Director Pierre Rougeau sold 65,000 shares of Orbit Garant Drilling stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of C$1.41, for a total value of C$91,650.00. Also, Senior Officer Daniel Maheu sold 22,000 shares of the business’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of C$1.53, for a total value of C$33,660.00. 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.