Orbit Garant Drilling (TSE:OGD) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Orbit Garant Drilling Inc. (TSE:OGD)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.97 and traded as high as C$1.51. Orbit Garant Drilling shares last traded at C$1.48, with a volume of 104,387 shares changing hands.

Orbit Garant Drilling Price Performance

The company has a 50-day moving average of C$1.24 and a two-hundred day moving average of C$0.97. The company has a debt-to-equity ratio of 54.62, a current ratio of 2.58 and a quick ratio of 1.01. The stock has a market capitalization of C$55.21 million, a PE ratio of 24.29, a P/E/G ratio of 0.65 and a beta of 2.27.

Insider Buying and Selling

In related news, insider 6705570 Canada Inc. sold 25,000 shares of Orbit Garant Drilling stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$1.14, for a total value of C$28,527.50. Over the last three months, insiders have sold 51,500 shares of company stock valued at $58,010. Insiders own 24.36% of the company’s stock.

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.