Major Drilling Group International (TSE:MDI) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Major Drilling Group International Inc. (TSE:MDI) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their price target on shares of Major Drilling Group International from C$15.00 to C$14.00 in a research report on Tuesday, December 10th.

Major Drilling Group International Stock Performance

The company has a quick ratio of 1.92, a current ratio of 3.35 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of C$707.92 million, a price-to-earnings ratio of 15.18, a P/E/G ratio of 3.45 and a beta of 1.65. The business has a 50-day moving average price of C$8.53 and a 200-day moving average price of C$8.66.

Insider Activity

In related news, Senior Officer Benjamin Luke Graham sold 12,400 shares of the company’s stock in a transaction 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. Corporate insiders own 0.32% of the company’s stock.

About Major Drilling Group International

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.