Orbit Garant Drilling (TSE:OGD) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Orbit Garant Drilling Inc. (TSE:OGD)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.63 and traded as high as C$0.63. Orbit Garant Drilling shares last traded at C$0.60, with a volume of 9,500 shares.

Orbit Garant Drilling Stock Performance

The business has a 50 day moving average price of C$0.60 and a 200 day moving average price of C$0.63. The company has a debt-to-equity ratio of 56.65, a current ratio of 2.80 and a quick ratio of 1.01. The stock has a market capitalization of C$24.29 million, a PE ratio of -16.25, a PEG ratio of 0.65 and a beta of 2.27.

Orbit Garant Drilling (TSE:OGD) last issued its earnings results on Thursday, September 19th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm 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, equities research analysts expect that Orbit Garant Drilling Inc. will post 0.0400267 earnings per share for the current year.

About Orbit Garant Drilling

Orbit Garant Drilling Inc provides mineral drilling services in Canada, the United States, Central and South America, and West Africa. It provides underground and surface diamond drilling services to mining companies through various stages of mineral exploration, mine development, and production. The company also offers geotechnical and water drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies.