Orbit Garant Drilling (TSE:OGD) Stock Jumps 2.7% – Still a Buy?

Shares of Orbit Garant Drilling Inc. (TSE:OGD) rose 2.7% during trading on Wednesday. The company traded as high as C$1.16 and last traded at C$1.16. 103 shares changed hands during trading, a decline of 100% from the average daily volume of 35,316 shares. The stock had previously closed at C$1.13.

Orbit Garant Drilling Trading Up 2.7%

The company has a quick ratio of 1.01, a current ratio of 1.86 and a debt-to-equity ratio of 63.01. The company has a market capitalization of C$44.37 million, a P/E ratio of -29.00, a P/E/G ratio of 0.65 and a beta of 1.53. The firm’s 50-day moving average price is C$1.19 and its 200 day moving average price is C$1.52.

Orbit Garant Drilling (TSE:OGD) last posted its quarterly earnings data on Wednesday, November 11th. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$60.13 million for the quarter. Orbit Garant Drilling had a negative return on equity of 2.18% and a negative net margin of 0.75%. As a group, equities research analysts predict that Orbit Garant Drilling Inc. will post 0.04 earnings per share for the current year.

Orbit Garant Drilling Company Profile

Headquartered in Val-d’Or, Quebec, Orbit Garant is one of the largest Canadian-based mineral drilling companies, providing both underground and surface drilling services in Canada and internationally through its 180 drill rigs and approximately 1,300 employees. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production. The Company also provides geotechnical drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies.