Major Drilling Group International Inc. (TSE:MDI - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.61 and traded as high as C$9.32. Major Drilling Group International shares last traded at C$9.13, with a volume of 38,600 shares trading hands.
Analyst Ratings Changes
Separately, Royal Bank of Canada dropped their price target on Major Drilling Group International from C$15.00 to C$14.00 in a research report on Tuesday, December 10th.
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Major Drilling Group International Price Performance
The company has a current ratio of 3.59, a quick ratio of 1.92 and a debt-to-equity ratio of 1.17. The business has a 50-day moving average price of C$8.60 and a 200 day moving average price of C$8.62. The stock has a market cap of C$716.99 million, a PE ratio of 17.21, a PEG ratio of 3.45 and a beta of 1.65.
Insider Activity
In related news, Senior Officer Benjamin Luke Graham sold 12,400 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of C$8.80, for a total transaction of C$109,144.95. Insiders own 0.32% of the company's stock.
Major Drilling Group International Company Profile
(
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Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services.
Further Reading
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