Orbit Garant Drilling (TSE:OGD) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Orbit Garant Drilling Inc. (TSE:OGDGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.76 and traded as high as C$1.30. Orbit Garant Drilling shares last traded at C$1.30, with a volume of 151,257 shares.

Orbit Garant Drilling Stock Up 8.3 %

The business’s 50 day simple moving average is C$0.90 and its 200 day simple moving average is C$0.76. The company has a market capitalization of C$48.49 million, a PE ratio of 21.34, a price-to-earnings-growth 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.

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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