Orbit Garant Drilling (TSE:OGD) Stock Price Up 10.2% – Here’s What Happened

Orbit Garant Drilling Inc. (TSE:OGD) rose 10.2% during trading on Thursday . The company traded as high as C$2.15 and last traded at C$1.95. Approximately 158,238 shares were traded during trading, an increase of 117% from the average daily volume of 72,865 shares. The stock had previously closed at C$1.77.

Orbit Garant Drilling Price Performance

The company has a current ratio of 2.58, a quick ratio of 1.01 and a debt-to-equity ratio of 54.62. The company has a fifty day moving average price of C$1.52 and a two-hundred day moving average price of C$1.56. The firm has a market cap of C$76.18 million, a P/E ratio of 15.46, a PEG ratio of 0.65 and a beta of 0.15.

Orbit Garant Drilling (TSE:OGD) last announced its earnings results on Wednesday, February 11th. The company reported C$0.03 EPS for the quarter. Orbit Garant Drilling had a net margin of 1.23% and a return on equity of 3.73%. The firm had revenue of C$47.98 million for the quarter. Equities analysts anticipate that Orbit Garant Drilling Inc. will post 0.0400267 earnings per share for the current year.

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.