Orbit Garant Drilling (TSE:OGD) Hits New 12-Month High – Should You Buy?

Shares of Orbit Garant Drilling Inc. (TSE:OGD) reached a new 52-week high on Monday . The company traded as high as C$1.40 and last traded at C$1.39, with a volume of 92892 shares changing hands. The stock had previously closed at C$1.21.

Orbit Garant Drilling Stock Performance

The company has a debt-to-equity ratio of 54.62, a quick ratio of 1.01 and a current ratio of 2.58. The company’s 50 day moving average price is C$1.10 and its 200-day moving average price is C$0.87. The stock has a market cap of C$52.23 million, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 0.65 and a beta of 2.27.

Insider Activity at Orbit Garant Drilling

In other Orbit Garant Drilling news, insider 6705570 Canada Inc. sold 25,000 shares of Orbit Garant Drilling stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$1.14, for a total value of C$28,527.50. Over the last three months, insiders sold 51,500 shares of company stock valued at $58,010. 24.36% of the stock is owned by insiders.

Orbit Garant Drilling Company Profile

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.