Insider Selling: Major Drilling Group International (TSE:MDI) Director Sells 40,000 Shares of Stock

Key Points

• Jo Mark Zurel, a director at Major Drilling Group International, sold 40,000 shares of the company on September 11th, reducing his stake by 60.06% to 26,600 shares.
• The shares were sold at an average price of C$9.79, totaling C$391,600 for the transaction.
• After the sale, Major Drilling's stock was trading down 2.0% at C$11.45, with a market cap of C$937.71 million.

Major Drilling Group International Inc. (TSE:MDI - Get Free Report) Director Jo Mark Zurel sold 40,000 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of C$9.79, for a total value of C$391,600.00. Following the transaction, the director directly owned 26,600 shares of the company's stock, valued at C$260,414. The trade was a 60.06% decrease in their position.

Major Drilling Group International Trading Down 2.0%

Shares of MDI stock traded down C$0.23 during mid-day trading on Friday, hitting C$11.45. 101,440 shares of the company's stock were exchanged, compared to its average volume of 139,521. Major Drilling Group International Inc. has a fifty-two week low of C$6.51 and a fifty-two week high of C$12.07. The stock has a 50-day simple moving average of C$10.09 and a two-hundred day simple moving average of C$9.05. The company has a quick ratio of 1.92, a current ratio of 3.59 and a debt-to-equity ratio of 1.17. The stock has a market cap of C$937.71 million, a price-to-earnings ratio of 45.80, a PEG ratio of 3.45 and a beta of 0.99.

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.

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