Orbit Garant Drilling (TSE:OGD) Hits New 1-Year High – Still a Buy?

Orbit Garant Drilling Inc. (TSE:OGD)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$1.40 and last traded at C$1.39, with a volume of 92892 shares traded. The stock had previously closed at C$1.21.

Orbit Garant Drilling Stock Up 3.0 %

The stock has a market cap of C$51.85 million, a P/E ratio of 22.81, a P/E/G ratio of 0.65 and a beta of 2.27. 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 company has a 50-day simple moving average of C$1.12 and a two-hundred day simple moving average of C$0.88.

Insider Activity at Orbit Garant Drilling

In related news, insider 6705570 Canada Inc. sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$1.14, for a total value of C$28,527.50. Insiders sold 51,500 shares of company stock worth $58,010 in the last three months. 24.36% of the stock is owned by insiders.

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.