Shares of Major Drilling Group International Inc. (TSE:MDI - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.68 and traded as high as C$8.95. Major Drilling Group International shares last traded at C$8.80, with a volume of 106,896 shares changing hands.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada lowered their target price on shares of Major Drilling Group International from C$15.00 to C$14.00 in a report on Tuesday, December 10th.
Read Our Latest Report on MDI
Major Drilling Group International Stock Performance
The company's fifty day moving average price is C$8.53 and its 200 day moving average price is C$8.68. The company has a market cap of C$715.28 million, a PE ratio of 15.33, a P/E/G ratio of 3.45 and a beta of 1.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.35 and a quick ratio of 1.92.
Insider Activity at Major Drilling Group International
In related news, Senior Officer Benjamin Luke Graham sold 12,400 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$8.80, for a total transaction of C$109,144.95. 0.32% of the stock is owned by company insiders.
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.
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