Major Drilling Group International (TSE:MDI) Reaches New 1-Year High - Should You Buy?

Key Points

• Major Drilling Group International's stock reached a new 52-week high at C$10.50 during trading, closing at C$10.45.
• The company has a market cap of C$851.72 million with a P/E ratio of 41.60, indicating a significant valuation in the market.
• Major Drilling provides various contract drilling services to the mining and mineral exploration industries.

Shares of Major Drilling Group International Inc. (TSE:MDI - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as C$10.50 and last traded at C$10.45, with a volume of 50186 shares trading hands. The stock had previously closed at C$10.26.

Major Drilling Group International Stock Up 1.9%

The company has a market capitalization of C$856.63 million, a PE ratio of 41.84, a PEG ratio of 3.45 and a beta of 0.89. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.92 and a current ratio of 3.59. The stock's 50 day moving average is C$9.32 and its 200 day moving average is C$8.65.

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.