Orbit Garant Drilling (TSE:OGD) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Orbit Garant Drilling Inc. (TSE:OGD) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.55 and traded as high as C$1.79. Orbit Garant Drilling shares last traded at C$1.70, with a volume of 174,737 shares trading hands.

Orbit Garant Drilling Stock Up 8.3%

The firm has a fifty day moving average price of C$1.41 and a 200 day moving average price of C$1.55. The company has a quick ratio of 1.01, a current ratio of 2.58 and a debt-to-equity ratio of 54.62. The company has a market cap of C$64.43 million, a P/E ratio of 13.08, a PEG ratio of 0.65 and a beta of 0.16.

Orbit Garant Drilling (TSE:OGD) last issued its quarterly earnings results on Wednesday, November 12th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$46.67 million for the quarter. Orbit Garant Drilling had a net margin of 1.23% and a return on equity of 3.73%. Equities research analysts forecast 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.