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

Major Drilling Group International Stock Performance

The firm has a market cap of C$913.96 million, a P/E ratio of 44.64, a price-to-earnings-growth ratio of 3.45 and a beta of 0.89. 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 business's fifty day simple moving average is C$9.36 and its 200-day simple moving average is C$8.68.

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.