Orbit Garant Drilling (TSE:OGD) Shares Down 10.3% – Here’s What Happened

Orbit Garant Drilling Inc. (TSE:OGD – Get Free Report)’s share price dropped 10.3% during trading on Friday. The company traded as low as C$0.91 and last traded at C$1.13. Approximately 175,335 shares were traded during mid-day trading, an increase of 379% from the average session volume of 36,583 shares. The stock had previously closed at C$1.26.

Orbit Garant Drilling Price Performance

The firm has a 50 day moving average of C$1.28 and a 200-day moving average of C$1.50. The company has a current ratio of 2.24, a quick ratio of 1.01 and a debt-to-equity ratio of 58.84. The company has a market cap of C$41.99 million, a P/E ratio of 15.71, a P/E/G ratio of 0.65 and a beta of 1.53.

Orbit Garant Drilling (TSE:OGD – Get Free Report) last posted its earnings results on Friday, September 25th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$57.17 million during the quarter. Orbit Garant Drilling had a return on equity of 0.85% and a net margin of 0.31%. On average, equities research analysts predict that Orbit Garant Drilling Inc. will post 0.0400267 EPS for the current year.

Orbit Garant Drilling Company Profile

(Get Free Report)

Headquartered in Val-d’Or, Quebec, Orbit Garant is one of the largest Canadian-based mineral drilling companies, providing both underground and surface drilling services in Canada and internationally through its 180 drill rigs and approximately 1,300 employees. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production. The Company also provides geotechnical drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies.

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