Orbit Garant Drilling (TSE:OGD) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Orbit Garant Drilling Inc. (TSE:OGD)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.56 and traded as high as C$1.68. Orbit Garant Drilling shares last traded at C$1.64, with a volume of 7,112 shares.

Orbit Garant Drilling Price Performance

The stock has a market cap of C$62.16 million, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.65 and a beta of 0.16. 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 company’s fifty day moving average is C$1.42 and its two-hundred day moving average is C$1.56.

Orbit Garant Drilling (TSE:OGD) last released its quarterly earnings results on Wednesday, November 12th. The company reported C$0.01 EPS for the quarter. Orbit Garant Drilling had a return on equity of 3.73% and a net margin of 1.23%.The company had revenue of C$46.67 million for the quarter. As a group, research analysts predict that Orbit Garant Drilling Inc. will post 0.0400267 earnings per share for the current year.

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. The company operates in Canada, the United States, Central and South America, and West Africa.