Major Drilling Group International (TSE:MDI) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Major Drilling Group International Inc. (TSE:MDIGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.66 and traded as high as C$8.66. Major Drilling Group International shares last traded at C$8.65, with a volume of 62,850 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada decreased their price objective on shares of Major Drilling Group International from C$15.00 to C$14.00 in a research note on Tuesday, December 10th.

Read Our Latest Report on MDI

Major Drilling Group International Trading Down 2.8 %

The firm has a 50-day moving average of C$8.52 and a two-hundred day moving average of C$8.65. The firm has a market capitalization of C$688.27 million, a P/E ratio of 14.75, a P/E/G ratio of 3.45 and a beta of 1.65. The company has a current ratio of 3.35, a quick ratio of 1.92 and a debt-to-equity ratio of 1.29.

Insider Transactions at Major Drilling Group International

In related news, Senior Officer Benjamin Luke Graham sold 12,400 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.80, for a total transaction of C$109,144.95. Company insiders own 0.32% of the company’s stock.

About Major Drilling Group International

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Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services.

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