Orbit Garant Drilling (TSE:OGD) Stock Price Down 10.3% – What’s Next?

Orbit Garant Drilling Inc. (TSE:OGD) shares were down 10.3% on Friday. The stock traded as low as C$0.91 and last traded at C$1.13. 175,335 shares traded hands during trading, an increase of 379% from the average daily volume of 36,583 shares. The stock had previously closed at C$1.26.

Orbit Garant Drilling Price Performance

The firm has a market capitalization of C$41.99 million, a PE ratio of 15.71, a PEG ratio of 0.65 and a beta of 1.53. The stock has a 50-day moving average price of C$1.28 and a 200 day moving average price of C$1.50. The company has a quick ratio of 1.01, a current ratio of 2.24 and a debt-to-equity ratio of 58.84.

Orbit Garant Drilling (TSE:OGD) last announced its quarterly earnings data on Friday, September 25th. The company reported C($0.05) earnings per share (EPS) for the quarter. Orbit Garant Drilling had a net margin of 0.31% and a return on equity of 0.85%. The business had revenue of C$57.17 million for the quarter. Equities analysts forecast that Orbit Garant Drilling Inc. will post 0.0400267 EPS for the current fiscal year.

Orbit Garant Drilling Company Profile

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.