Orbit Garant Drilling (TSE:OGD) Sets New 52-Week Low – Here’s Why

Orbit Garant Drilling Inc. (TSE:OGD)’s share price hit a new 52-week low 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 Trading Down 4.9%

The business’s 50 day simple moving average is C$1.58 and its two-hundred day simple moving average is C$1.71. The stock has a market cap of C$44.66 million, a P/E ratio of 16.71, a PEG ratio of 0.65 and a beta of 1.35. The company has a quick ratio of 1.01, a current ratio of 2.24 and a debt-to-equity ratio of 58.84.

Insider Transactions at Orbit Garant Drilling

In other Orbit Garant Drilling news, insider Sylvain Laroche sold 17,500 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 228,970 shares of the company’s stock, valued at C$350,324.10. This represents a 7.10% decrease in their position. 24.36% of the stock is currently owned by 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. The company operates in Canada, the United States, Central and South America, and West Africa.