Orbit Garant Drilling (TSE:OGD) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Orbit Garant Drilling Inc. (TSE:OGD) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.68 and traded as high as C$0.80. Orbit Garant Drilling shares last traded at C$0.79, with a volume of 53,000 shares trading hands.

Orbit Garant Drilling Stock Down 2.5 %

The firm has a market cap of C$29.52 million, a P/E ratio of -19.75, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The firm’s 50-day moving average price is C$0.77 and its 200 day moving average price is C$0.68. The company has a quick ratio of 1.01, a current ratio of 2.80 and a debt-to-equity ratio of 56.65.

Orbit Garant Drilling (TSE:OGD) last released its quarterly earnings results on Thursday, September 19th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$45.30 million during the quarter. Orbit Garant Drilling had a negative return on equity of 2.16% and a negative net margin of 0.73%. As a group, research analysts expect that Orbit Garant Drilling Inc. will post 0.0400267 earnings per share for the current 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.