Major Drilling Group International (TSE:MDI) Insider Denis Joseph Larocque Buys 4,000 Shares

Key Points

• Denis Joseph Larocque, an insider at Major Drilling Group International, purchased 4,000 shares of the company at an average price of C$9.79, increasing his ownership by 4.75%.
• Major Drilling's stock was trading at C$11.45, having a 12-month high of C$12.07 and a low of C$6.51.
• The company specializes in contract drilling services for mining and mineral exploration, offering various drilling-related services.

Major Drilling Group International Inc. (TSE:MDI - Get Free Report) insider Denis Joseph Larocque purchased 4,000 shares of Major Drilling Group International stock in a transaction dated Thursday, September 11th. The shares were bought at an average price of C$9.79 per share, with a total value of C$39,160.00. Following the completion of the acquisition, the insider directly owned 88,275 shares of the company's stock, valued at approximately C$864,212.25. This represents a 4.75% increase in their ownership of the stock.

Major Drilling Group International Stock Performance

TSE MDI traded down C$0.23 during trading hours on Friday, hitting C$11.45. The company's stock had a trading volume of 101,440 shares, compared to its average volume of 139,521. Major Drilling Group International Inc. has a 12 month low of C$6.51 and a 12 month high of C$12.07. The company's 50 day simple moving average is C$10.09 and its two-hundred day simple moving average is C$9.05. The company has a market cap of C$937.71 million, a P/E ratio of 45.80, a price-to-earnings-growth ratio of 3.45 and a beta of 0.99. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.59 and a quick ratio of 1.92.

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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