Orbit Garant Drilling (TSE:OGD) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Orbit Garant Drilling Inc. (TSE:OGD)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.56 and traded as high as C$1.82. Orbit Garant Drilling shares last traded at C$1.81, with a volume of 27,492 shares trading hands.

Orbit Garant Drilling Stock Up 5.2%

The firm has a market cap of C$68.60 million, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 0.65 and a beta of 0.15. 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 firm has a fifty day moving average of C$1.50 and a 200-day moving average of C$1.56.

Orbit Garant Drilling (TSE:OGD) last released its quarterly earnings data on Wednesday, November 12th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$46.67 million for the quarter. Orbit Garant Drilling had a return on equity of 3.73% and a net margin of 1.23%. On average, equities research analysts anticipate 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.