Major Drilling Group International (TSE:MDI) Shares Cross Above 200-Day Moving Average of $8.38

Major Drilling Group International Inc. (TSE:MDI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.38 and traded as high as C$9.79. Major Drilling Group International shares last traded at C$9.72, with a volume of 40,016 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered their price objective on Major Drilling Group International from C$14.50 to C$14.00 and set a “buy” rating on the stock in a report on Tuesday, February 27th.

Major Drilling Group International Stock Performance

The firm has a 50 day moving average of C$8.69 and a two-hundred day moving average of C$8.38. The stock has a market cap of C$795.00 million, a P/E ratio of 12.62, a P/E/G ratio of 3.45 and a beta of 1.66. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.92 and a current ratio of 3.75.

Major Drilling Group International (TSE:MDI) last announced its earnings results on Thursday, February 29th. The company reported C($0.03) earnings per share for the quarter. Major Drilling Group International had a net margin of 8.84% and a return on equity of 14.08%. The business had revenue of C$132.82 million for the quarter. On average, research analysts predict that Major Drilling Group International Inc. will post 0.7854114 EPS for the current fiscal year.

Major Drilling Group International Company Profile

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. 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 related mining services.