Orbit Garant Drilling (TSE:OGD) Trading Down 13.3% – Time to Sell?

Orbit Garant Drilling Inc. (TSE:OGD)’s stock price dropped 13.3% during mid-day trading on Thursday . The company traded as low as C$1.45 and last traded at C$1.50. Approximately 129,296 shares changed hands during trading, an increase of 148% from the average daily volume of 52,196 shares. The stock had previously closed at C$1.73.

Orbit Garant Drilling Price Performance

The company’s 50-day moving average price is C$1.68 and its 200-day moving average price 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. The firm has a market cap of C$56.47 million, a price-to-earnings ratio of 7.45, a PEG ratio of 0.65 and a beta of 0.40.

Orbit Garant Drilling (TSE:OGD) last released its earnings results on Wednesday, September 24th. The company reported C$0.00 earnings per share (EPS) for the quarter. Orbit Garant Drilling had a net margin of 1.23% and a return on equity of 3.73%. The company had revenue of C$47.13 million for the quarter. On average, equities research analysts forecast that Orbit Garant Drilling Inc. will post 0.0400267 EPS for the current year.

Insider Activity

In related news, insider Sylvain Laroche sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 212,571 shares in the company, valued at C$340,113.60. This trade represents a 10.52% decrease in their position. 24.36% of the stock is currently owned by company 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.