Key Points
- Insider sale: Sylvain Laroche sold 17,500 shares of Orbit Garant Drilling on June 2 at an average price of C$1.53, totaling C$26,775.
- After the transaction, Laroche still directly owned 228,970 shares, but his stake fell by 7.10%.
- Orbit Garant Drilling shares opened at C$1.56, with the company showing a market cap of C$59.55 million and trading below both its 50-day and 200-day moving averages.
Orbit Garant Drilling Inc. (TSE:OGD - Get Free Report) insider Sylvain Laroche sold 17,500 shares of Orbit Garant Drilling 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 value of C$26,775.00. Following the completion of 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 ownership of the stock.
Orbit Garant Drilling Stock Performance
Shares of TSE:OGD opened at C$1.56 on Wednesday. The company has a debt-to-equity ratio of 58.84, a current ratio of 2.24 and a quick ratio of 1.01. The business's 50 day moving average price is C$1.75 and its 200-day moving average price is C$1.70. The firm has a market capitalization of C$59.55 million, a PE ratio of 22.29, a P/E/G ratio of 0.65 and a beta of 1.45. Orbit Garant Drilling Inc. has a 1 year low of C$1.16 and a 1 year high of C$2.48.
About Orbit Garant Drilling
(
Get Free Report)
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.
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