Orbit Garant Drilling (TSE:OGD) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Orbit Garant Drilling Inc. (TSE:OGD)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$1.56 and traded as high as C$1.79. Orbit Garant Drilling shares last traded at C$1.70, with a volume of 175,602 shares.

Orbit Garant Drilling Trading Down 2.9%

The company’s fifty day simple moving average is C$1.44 and its 200-day simple moving average is C$1.56. The firm has a market capitalization of C$64.43 million, a PE ratio of 13.08, a P/E/G ratio of 0.65 and a beta of 0.16. The company has a debt-to-equity ratio of 54.62, a current ratio of 2.58 and a quick ratio of 1.01.

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

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