Orbit Garant Drilling (TSE:OGD) Hits New 12-Month High – Should You Buy?

Orbit Garant Drilling Inc. (TSE:OGDGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$1.06 and last traded at C$0.96, with a volume of 151469 shares trading hands. The stock had previously closed at C$0.87.

Orbit Garant Drilling Trading Up 6.9 %

The company has a market cap of C$34.75 million, a price-to-earnings ratio of -23.25, a PEG ratio of 0.65 and a beta of 2.27. The company has a quick ratio of 1.01, a current ratio of 2.80 and a debt-to-equity ratio of 56.65. The business’s fifty day simple moving average is C$0.83 and its two-hundred day simple moving average is C$0.71.

About Orbit Garant Drilling

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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.

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