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

Orbit Garant Drilling Inc. (TSE:OGD) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.86 and traded as high as C$1.31. Orbit Garant Drilling shares last traded at C$1.25, with a volume of 75,660 shares changing hands.

Orbit Garant Drilling Stock Down 3.8 %

The firm has a market cap of C$46.63 million, a PE ratio of 20.52, a PEG ratio of 0.65 and a beta of 2.27. The company has a current ratio of 2.58, a quick ratio of 1.01 and a debt-to-equity ratio of 54.62. The firm has a 50 day moving average price of C$1.09 and a 200-day moving average price of C$0.86.

Insider Buying and Selling

In other news, insider 6705570 Canada Inc. sold 25,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$1.11, for a total transaction of C$27,772.50. Insiders sold 51,500 shares of company stock worth $58,010 over the last 90 days. 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.