Insider Selling: Orbit Garant Drilling (TSE:OGD) Insider Sells C$26,775.00 in Stock

Orbit Garant Drilling Inc. (TSE:OGD) insider Sylvain Laroche sold 17,500 shares of Orbit Garant Drilling stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of C$1.53, for a total transaction of C$26,775.00. Following the sale, the insider owned 228,970 shares in the company, valued at approximately C$350,324.10. This trade represents a 7.10% decrease in their ownership of the stock.

Orbit Garant Drilling Price Performance

Shares of Orbit Garant Drilling stock opened at C$1.54 on Friday. The company has a debt-to-equity ratio of 58.84, a quick ratio of 1.01 and a current ratio of 2.24. The firm’s 50-day simple moving average is C$1.74 and its 200-day simple moving average is C$1.70. Orbit Garant Drilling Inc. has a twelve month low of C$1.16 and a twelve month high of C$2.48. The firm has a market cap of C$58.78 million, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 0.65 and a beta of 1.45.

About Orbit Garant Drilling

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.