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

Major Drilling Group International logo with Basic Materials background

Major Drilling Group International Inc. (TSE:MDI - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$9.90 and last traded at C$9.76, with a volume of 575681 shares. The stock had previously closed at C$8.58.

Major Drilling Group International Trading Down 5.2%

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 firm has a market cap of C$756.23 million, a P/E ratio of 18.15, a P/E/G ratio of 3.45 and a beta of 1.65. The firm has a 50 day simple moving average of C$8.28 and a 200 day simple moving average of C$8.34.

Major Drilling Group International Company Profile

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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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