Major Drilling Group International Inc. (TSE:MDI) Director Purchases C$23,680.00 in Stock

Major Drilling Group International Inc. (TSE:MDIGet Rating) Director David Buchanan Tennant bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, April 21st. The shares were purchased at an average price of C$11.84 per share, for a total transaction of C$23,680.00. Following the completion of the purchase, the director now directly owns 197,100 shares of the company’s stock, valued at approximately C$2,333,664.

MDI traded down C$0.56 on Thursday, reaching C$11.91. The company’s stock had a trading volume of 228,367 shares, compared to its average volume of 166,893. The company has a market capitalization of C$981.38 million and a price-to-earnings ratio of 29.63. Major Drilling Group International Inc. has a fifty-two week low of C$6.75 and a fifty-two week high of C$12.86. The stock has a 50 day moving average of C$11.00 and a two-hundred day moving average of C$9.51. The company has a quick ratio of 1.87, a current ratio of 3.02 and a debt-to-equity ratio of 16.87.

Major Drilling Group International (TSE:MDIGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported C$0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.04 by C$0.03. The firm had revenue of C$138.75 million during the quarter, compared to analyst estimates of C$122.80 million. As a group, analysts anticipate that Major Drilling Group International Inc. will post 0.68 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada upped their price target on Major Drilling Group International from C$12.00 to C$14.00 and gave the company an “outperform” rating in a report on Monday, March 7th. TD Securities upped their price target on Major Drilling Group International from C$12.50 to C$14.00 and gave the company a “buy” rating in a report on Monday, March 7th.

Major Drilling Group International Company Profile (Get Rating)

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies in Canada, the United States, Mexico, South America, Asia, Africa, and Australia. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole drilling, surface drill and blast, and various mine services.

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