Added to YB: 2026-06-04
Pitch date: 2026-06-02
OGD.TO [neutral]
Orbit Garant Drilling Inc.
-1.94%
current return
Author Info
No bio for this author
Company Info
Orbit Garant Drilling Inc. provides mineral drilling services in Canada, the United States, Central and South America, and West Africa.
Market Cap
CAD 58.8M
Pitch Price
CAD 1.55
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.18
P/E
40.14
EV/Sales
0.51
Sector
Metals and Mining
Category
turnaround
[OGD] — Orbit Garant Drilling Inc. - Moderate Signal
OGD.TO (update): Canadian mineral drilling, ~$52M cap, CAD$51.4M Q3 rev. Utilization hit 10yr high 67% but gross margin collapsed to 5.7% from 11.9% on weather/ramp/legacy pricing. Bull: weak contracts roll off Apr-Jun, new CAD$100M+ 5yr contract ramping (2 rigs, 6 by Sept), inflation-indexed deals. Risk: adj EBITDA cratered to $1.4M vs $5.4M, recovery unproven, $20M capex/rising debt, S. America drag.
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