Orbit Garant Drilling (TSE:OGD) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Orbit Garant Drilling Inc. (TSE:OGDGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.70 and traded as high as C$0.84. Orbit Garant Drilling shares last traded at C$0.83, with a volume of 10,000 shares changing hands.

Orbit Garant Drilling Price Performance

The company has a market cap of C$31.76 million, a P/E ratio of -21.25, a P/E/G ratio of 0.65 and a beta of 2.27. The stock has a 50-day simple moving average of C$0.83 and a 200 day simple moving average of C$0.70. The company has a debt-to-equity ratio of 56.65, a quick ratio of 1.01 and a current ratio of 2.80.

About Orbit Garant Drilling

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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.

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