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

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

Orbit Garant Drilling Stock Performance

The company has a market cap of C$46.57 million, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 0.65 and a beta of 1.35. The company’s 50 day moving average price is C$1.55 and its 200 day moving average price is C$1.70. The company has a debt-to-equity ratio of 58.84, a quick ratio of 1.01 and a current ratio of 2.24.

Insiders Place Their Bets

In related news, insider Sylvain Laroche sold 17,500 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$1.53, for a total transaction of C$26,775.00. Following 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 position. Corporate insiders own 24.36% of the company’s stock.

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. The company operates in Canada, the United States, Central and South America, and West Africa.