Major Drilling Group International (TSE:MDI) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Major Drilling Group International Inc. (TSE:MDI)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.61 and traded as high as C$9.03. Major Drilling Group International shares last traded at C$8.98, with a volume of 165,376 shares.

Analyst Upgrades and Downgrades

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

Major Drilling Group International Trading Up 0.9 %

The business’s 50-day moving average is C$8.61 and its two-hundred day moving average is C$8.61. The company has a current ratio of 3.59, a quick ratio of 1.92 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of C$734.16 million, a PE ratio of 17.62, a PEG ratio of 3.45 and a beta of 1.65.

Insider Buying and Selling

In other Major Drilling Group International news, Senior Officer Benjamin Luke Graham sold 12,400 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$8.80, for a total value of C$109,144.95. 0.32% of the stock is owned by corporate insiders.

About Major Drilling Group International

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.