Major Drilling Group International (OTCMKTS:MJDLF) Stock Passes Above 50 Day Moving Average – Time to Sell?

Major Drilling Group International Inc. (OTCMKTS:MJDLF) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.14 and traded as high as $10.17. Major Drilling Group International shares last traded at $10.00, with a volume of 28,401 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MJDLF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Major Drilling Group International in a report on Tuesday, December 16th. TD Securities reissued a “buy” rating on shares of Major Drilling Group International in a research note on Friday, December 5th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Major Drilling Group International Stock Performance

The company’s 50 day simple moving average is $9.14 and its two-hundred day simple moving average is $7.75.

About Major Drilling Group International

Major Drilling Group International Inc is a Canada-based contract drilling services provider to the global mineral exploration and mining industries. The company specializes in a broad range of drilling techniques—including diamond and reverse circulation core drilling, directional drilling, sonic drilling, and geotechnical and environmental drilling—designed to locate and delineate mineral resources for clients across the precious and base metals sector.

Since its founding in 1980, Major Drilling has expanded its footprint to serve customers on six continents, with operating locations in North America, South America, Africa, Australia, Asia Pacific and Europe.