Orbit Garant Drilling (TSE:OGD) Sets New 12-Month High – Still a Buy?

Shares of Orbit Garant Drilling Inc. (TSE:OGD) reached a new 52-week high during trading on Wednesday . The company traded as high as C$2.19 and last traded at C$2.12, with a volume of 91183 shares traded. The stock had previously closed at C$2.06.

Orbit Garant Drilling Price Performance

The stock’s 50 day simple moving average is C$1.58 and its 200-day simple moving average is C$1.58. The firm has a market cap of C$81.86 million, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 0.65 and a beta of 0.15. The company has a debt-to-equity ratio of 54.62, a quick ratio of 1.01 and a current ratio of 2.58.

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