Major Drilling Group International Inc. (TSE:MDI - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.66 and traded as high as C$8.66. Major Drilling Group International shares last traded at C$8.65, with a volume of 62,850 shares changing hands.
Analyst Ratings Changes
Separately, Royal Bank of Canada reduced their price target on Major Drilling Group International from C$15.00 to C$14.00 in a research report on Tuesday, December 10th.
Check Out Our Latest Analysis on MDI
Major Drilling Group International Stock Down 2.8 %
The company has a 50-day moving average price of C$8.52 and a 200 day moving average price of C$8.65. The firm has a market capitalization of C$688.27 million, a PE ratio of 14.75, 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 Buying and Selling at Major Drilling Group International
In other Major Drilling Group International news, Senior Officer Benjamin Luke Graham sold 12,400 shares of Major Drilling Group International stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$8.80, for a total value 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.
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