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

Shares of Orbit Garant Drilling Inc. (TSE:OGD) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.56 and traded as high as C$1.68. Orbit Garant Drilling shares last traded at C$1.64, with a volume of 7,112 shares changing hands.

Orbit Garant Drilling Stock Down 3.5%

The firm has a market cap of C$62.16 million, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.65 and a beta of 0.16. 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 business has a 50-day moving average price of C$1.42 and a two-hundred day moving average price of C$1.56.

Orbit Garant Drilling (TSE:OGD) last released its earnings results on Wednesday, November 12th. The company reported C$0.01 earnings per share (EPS) for the quarter. Orbit Garant Drilling had a return on equity of 3.73% and a net margin of 1.23%.The firm had revenue of C$46.67 million during the quarter. On average, equities research analysts expect that Orbit Garant Drilling Inc. will post 0.0400267 EPS 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. The company operates in Canada, the United States, Central and South America, and West Africa.