Major Drilling Group International Inc. (TSE:MDI - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.72 and traded as low as C$8.19. Major Drilling Group International shares last traded at C$8.21, with a volume of 109,248 shares trading hands.
Analyst Ratings Changes
Separately, 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 report on Tuesday, December 10th.
Get Our Latest Research Report on Major Drilling Group International
Major Drilling Group International Stock Up 2.6 %
The company has a current ratio of 3.35, a quick ratio of 1.92 and a debt-to-equity ratio of 1.29. The firm has a market cap of C$689.09 million, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 3.45 and a beta of 1.65. The firm's 50 day moving average is C$8.52 and its two-hundred day moving average is C$8.72.
Insider Transactions at Major Drilling Group International
In other news, Senior Officer Benjamin Luke Graham sold 12,400 shares of the firm's 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 transaction of C$109,144.95. 0.32% of the stock is owned by insiders.
About Major Drilling Group International
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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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