Major Drilling Group International (TSE:MDI) Stock Price Passes Above 200 Day Moving Average of $9.13

Shares of Major Drilling Group International Inc. (TSE:MDI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.13 and traded as high as C$9.74. Major Drilling Group International shares last traded at C$9.50, with a volume of 17,866 shares.

Major Drilling Group International Stock Down 2.1 %

The firm has a fifty day moving average price of C$9.23 and a 200 day moving average price of C$9.13. The company has a quick ratio of 1.92, a current ratio of 3.40 and a debt-to-equity ratio of 0.95. The company has a market cap of C$777.10 million, a P/E ratio of 14.84, a PEG ratio of 3.45 and a beta of 1.65.

Major Drilling Group International (TSE:MDI) last announced its earnings results on Tuesday, June 11th. The company reported C$0.12 EPS for the quarter. The company had revenue of C$168.04 million for the quarter. Major Drilling Group International had a return on equity of 11.22% and a net margin of 7.51%. Equities research analysts forecast that Major Drilling Group International Inc. will post 0.8096828 earnings per share for the current year.

Insider Activity

In other news, Senior Officer John Ross Davies sold 4,968 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of C$8.91, for a total transaction of C$44,264.88. In related news, Senior Officer Benjamin Luke Graham bought 20,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were purchased at an average price of C$8.76 per share, with a total value of C$175,200.00. Also, Senior Officer John Ross Davies sold 4,968 shares of the stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of C$8.91, for a total value of C$44,264.88. Insiders have bought 21,645 shares of company stock valued at $189,908 over the last 90 days. 0.32% of the stock is owned by company insiders.

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.