Orbit Garant Drilling (TSE:OGD) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Orbit Garant Drilling Inc. (TSE:OGD)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$0.82 and traded as high as C$1.13. Orbit Garant Drilling shares last traded at C$1.10, with a volume of 46,047 shares changing hands.

Orbit Garant Drilling Stock Performance

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 company has a market capitalization of C$41.03 million, a PE ratio of 18.05, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The firm’s fifty day simple moving average is C$1.02 and its 200 day simple moving average is C$0.82.

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.