Orbit Garant Drilling (TSE:OGD) Shares Pass Above 200 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 Thursday . The stock has a 200-day moving average of C$1.55 and traded as high as C$1.79. Orbit Garant Drilling shares last traded at C$1.70, with a volume of 174,737 shares trading hands.

Orbit Garant Drilling Trading Up 8.3%

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 firm has a market capitalization of C$64.43 million, a price-to-earnings ratio of 13.08, a PEG ratio of 0.65 and a beta of 0.16. The business has a 50 day moving average of C$1.41 and a 200 day moving average of C$1.55.

Orbit Garant Drilling (TSE:OGD) last posted 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 company had revenue of C$46.67 million during the quarter. As a group, research analysts predict that Orbit Garant Drilling Inc. will post 0.0400267 earnings per share for the current fiscal 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.