Orbit Garant Drilling (TSE:OGD) Posts Earnings Results

Orbit Garant Drilling (TSE:OGD) posted its quarterly earnings data on Wednesday. The company reported C$0.01 earnings per share (EPS) for the quarter, FiscalAI reports. Orbit Garant Drilling had a net margin of 1.23% and a return on equity of 3.73%. The business had revenue of C$46.67 million during the quarter.

Orbit Garant Drilling Price Performance

TSE OGD traded up C$0.02 on Friday, reaching C$1.49. 21,183 shares of the stock traded hands, compared to its average volume of 52,699. Orbit Garant Drilling has a 12 month low of C$0.75 and a 12 month high of C$1.91. The company has a market cap of C$56.47 million, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.65 and a beta of 0.40. The firm’s fifty day simple moving average is C$1.68 and its 200 day simple moving average is C$1.58. The company has a quick ratio of 1.01, a current ratio of 2.58 and a debt-to-equity ratio of 54.62.

Insider Buying and Selling at Orbit Garant Drilling

In related news, insider Sylvain Laroche sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of C$1.60, for a total transaction of C$40,000.00. Following the completion of the transaction, the insider owned 212,571 shares of the company’s stock, valued at C$340,113.60. This trade represents a 10.52% decrease in their ownership of the stock. 24.36% of the stock is currently owned by company 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.