Orbit Garant Drilling (TSE:OGD) Reaches New 12-Month High – Here’s Why

Orbit Garant Drilling Inc. (TSE:OGD)’s share price reached a new 52-week high on Monday . The stock traded as high as C$1.40 and last traded at C$1.39, with a volume of 92892 shares changing hands. The stock had previously closed at C$1.21.

Orbit Garant Drilling Price Performance

The stock has a market cap of C$51.85 million, a PE ratio of 22.81, a P/E/G ratio of 0.65 and a beta of 2.27. The business has a fifty day simple moving average of C$1.12 and a two-hundred day simple moving average of C$0.88. The company has a current ratio of 2.58, a quick ratio of 1.01 and a debt-to-equity ratio of 54.62.

Insider Activity at Orbit Garant Drilling

In related news, insider 6705570 Canada Inc. sold 25,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$1.14, for a total value of C$28,527.50. Insiders have sold 51,500 shares of company stock worth $58,010 over the last ninety days. 24.36% of the stock is owned by corporate insiders.

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.