Insider Selling: Major Drilling Group International Inc. (TSE:MDI) Senior Officer Sells 12,400 Shares of Stock

Major Drilling Group International Inc. (TSE:MDI - Get Free Report) Senior Officer Benjamin Luke Graham sold 12,400 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.80, for a total value of C$109,144.95.

Major Drilling Group International Trading Down 0.9 %

Shares of MDI stock traded down C$0.08 on Tuesday, reaching C$8.77. 83,689 shares of the stock were exchanged, compared to its average volume of 114,253. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.35 and a quick ratio of 1.92. Major Drilling Group International Inc. has a one year low of C$6.98 and a one year high of C$10.39. The stock has a market cap of C$717.74 million, a PE ratio of 15.51, a P/E/G ratio of 3.45 and a beta of 1.65. The stock has a 50 day moving average price of C$8.54 and a 200 day moving average price of C$8.86.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Securities reduced their price objective on shares of Major Drilling Group International from C$14.00 to C$13.00 in a report on Friday, September 6th. Royal Bank of Canada cut their price target on shares of Major Drilling Group International from C$15.00 to C$14.00 in a research note on Tuesday.

Major Drilling Group International Company Profile

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services.