Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Orbit Garant Drill ( (TSE:OGD) ) has provided an announcement.
Orbit Garant Drilling Inc. has reported a significant improvement in profitability for the second quarter of fiscal 2025, with notable increases in adjusted gross margin, adjusted EBITDA, and net earnings. The company’s performance was bolstered by increased drilling activity and improved operational performance in Canada and internationally, particularly benefiting from the cessation of its West African operations. The rise in gold prices has also supported strong demand for Orbit Garant’s drilling services, with a substantial portion of its revenue derived from gold-related operations.
More about Orbit Garant Drill
Orbit Garant Drilling Inc. operates in the drilling services industry, focusing primarily on providing drilling solutions to mining companies. The company serves both Canadian and international markets with a significant focus on gold mining operations, benefiting from strong metal prices and increased demand for drilling services.
YTD Price Performance: 36.59%
Average Trading Volume: 53,758
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$41.78M
Find detailed analytics on OGD stock on TipRanks’ Stock Analysis page.
