Orbit Garant Drilling (TSE:OGD) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Orbit Garant Drilling Inc. (TSE:OGD) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.63 and traded as high as C$0.69. Orbit Garant Drilling shares last traded at C$0.69, with a volume of 15,000 shares traded.

Orbit Garant Drilling Stock Up 1.5 %

The firm has a market cap of C$25.79 million, a price-to-earnings ratio of -17.25, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27. The firm has a 50-day moving average price of C$0.61 and a two-hundred day moving average price of C$0.63. The company has a debt-to-equity ratio of 56.65, a quick ratio of 1.01 and a current ratio of 2.80.

Orbit Garant Drilling (TSE:OGD) last released its earnings results on Thursday, September 19th. The company reported C($0.04) earnings per share (EPS) for the quarter. Orbit Garant Drilling had a negative net margin of 0.73% and a negative return on equity of 2.16%. The company had revenue of C$45.30 million during the quarter. On average, sell-side analysts forecast 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.