Orbit Garant Drilling (TSE:OGD) Hits New 12-Month Low – Here’s What Happened

Orbit Garant Drilling Inc. (TSE:OGD)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$1.07 and last traded at C$1.16, with a volume of 46702 shares traded. The stock had previously closed at C$1.23.

Orbit Garant Drilling Stock Performance

The company has a current ratio of 2.24, a quick ratio of 1.01 and a debt-to-equity ratio of 58.84. The company’s 50-day simple moving average is C$1.58 and its 200-day simple moving average is C$1.71. The stock has a market capitalization of C$44.66 million, a price-to-earnings ratio of 16.71, a PEG ratio of 0.65 and a beta of 1.35.

Insider Buying and Selling at Orbit Garant Drilling

In related news, insider Sylvain Laroche sold 17,500 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$1.53, for a total value of C$26,775.00. Following the completion of the sale, the insider directly owned 228,970 shares in the company, valued at C$350,324.10. This represents a 7.10% decrease in their ownership of the stock. 24.36% of the stock is currently owned by corporate 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. The company operates in Canada, the United States, Central and South America, and West Africa.