Major Drilling Group International (OTCMKTS:MJDLF) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Major Drilling Group International Inc. (OTCMKTS:MJDLF)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.44 and traded as high as $12.2475. Major Drilling Group International shares last traded at $12.2475, with a volume of 16,942 shares traded.

Analyst Ratings Changes

Several analysts recently issued reports on MJDLF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Major Drilling Group International in a research report on Tuesday, February 24th. TD Securities restated a “buy” rating on shares of Major Drilling Group International in a report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Major Drilling Group International Stock Performance

The business has a fifty day simple moving average of $11.44 and a 200 day simple moving average of $9.59.

Major Drilling Group International Company Profile

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.