Major Drilling Group International (TSE:MDI) Stock Crosses Above Two Hundred Day Moving Average of $8.84

Shares of Major Drilling Group International Inc. (TSE:MDIGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.84 and traded as high as C$9.89. Major Drilling Group International shares last traded at C$9.85, with a volume of 58,434 shares trading hands.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on MDI

Major Drilling Group International Trading Up 4.0 %

The business’s 50 day moving average price is C$9.64 and its two-hundred day moving average price is C$8.84. The company has a current ratio of 3.75, a quick ratio of 1.92 and a debt-to-equity ratio of 1.05. The company has a market capitalization of C$805.63 million, a price-to-earnings ratio of 12.79, a P/E/G ratio of 3.45 and a beta of 1.65.

About Major Drilling Group International

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Major Drilling Group International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Major Drilling Group International and related companies with MarketBeat.com's FREE daily email newsletter.