Major Drilling Group International (TSE:MDI) Hits New 12-Month High - Time to Buy?

Key Points

• Major Drilling Group International Inc. reached a new 52-week high of C$11.94, with a last trade at C$11.93 and a trading volume of 74,575 shares.
• The company has a market capitalization of C$987.67 million and a price-to-earnings ratio of 48.24.
• Major Drilling provides various contract drilling services for the mining and mineral exploration industries, including both surface and underground drilling.

Major Drilling Group International Inc. (TSE:MDI - )'s stock price reached a new 52-week high on Wednesday . The company traded as high as C$11.94 and last traded at C$11.93, with a volume of 74575 shares changing hands. The stock had previously closed at C$11.64.

Major Drilling Group International Price Performance

The firm has a market cap of C$987.67 million, a price-to-earnings ratio of 48.24, a P/E/G ratio of 3.45 and a beta of 0.89. The business's 50-day simple moving average is C$9.66 and its two-hundred day simple moving average is C$8.84. The company has a current ratio of 3.59, a quick ratio of 1.92 and a debt-to-equity ratio of 1.17.

Major Drilling Group International Company Profile

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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