Orbit Garant Drilling Inc T.OGD

Alternate Symbol(s): OBGRF

Metals & Mining Industrial Metals & Minerals

Orbit Garant Drilling Inc. is a Canadian-based mineral drilling company. The Company provides both underground and surface drilling services in Canada and internationally to major, intermediate and junior mining companies, through each stage of mineral exploration, mine development and production. It operates through two segments: Canada (including surface drilling, underground drilling and manufacturing Canada), and International (including surface drilling and underground drilling). Its drilling services include surface drilling, underground drilling, geotechnical drilling, directional drilling and reverse circulation. The Company also provides geotechnical drilling services to mining or mineral exploration companies, engineering and environmental consultant firms, and government agencies. It manufactures custom drill rigs and ancillary equipment for its own use and manufactures conventional drill rigs for third-party customers from its facilities in Val-d’Or, Quebec.

TSX:OGD - Post by User

Orbit Garant Drilling Inc > 2023 2nd QTR financials are out, and they are great.

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Post by John14v3on Feb 08, 2023 10:35pm

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Post# 35276168

2023 2nd QTR financials are out, and they are great.

"OGD reports significant improvements in 2023 2nd qtr results"

Results are out and they look great.... Certainly trending in the right direction. This should start moving the SP back to the $1.00+ range with QTR EPS of $0.06. As of today it would be trading at 2.2x multiple. There was a FX exchange gain that may have helped more than normal, but a gain is a gain.

Let's see what happens, but a couple more quarters with similar results and we will be laughing.

God Bless you all!

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