Major Drilling Group International (TSE:MDI) Sets New 12-Month High - Should You Buy?

Key Points

• Major Drilling Group International Inc. shares reached a new 52-week high at C$9.98, with a trading volume of 91,166 shares.
• The company has a market capitalization of C$810.27 million and a P/E ratio of 30.94, indicating strong investor interest.
• Recent insider sales include Senior Officers selling a total of 42,000 shares at an average price of C$9.25, possibly signaling confidence in the company's future prospects.

Major Drilling Group International Inc. (TSE:MDI - ) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$9.98 and last traded at C$9.98, with a volume of 91166 shares. The stock had previously closed at C$9.84.

Major Drilling Group International Stock Up 0.6%

The company has a debt-to-equity ratio of 1.17, a current ratio of 3.59 and a quick ratio of 1.92. The company has a market capitalization of C$810.27 million, a P/E ratio of 30.94, a P/E/G ratio of 3.45 and a beta of 0.87. The stock has a 50-day moving average price of C$9.04 and a 200-day moving average price of C$8.53.

Insider Transactions at Major Drilling Group International

In other news, Senior Officer Barry Lee Zerbin sold 6,000 shares of the firm's stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of C$9.25, for a total transaction of C$55,500.00. Also, Senior Officer John Ross Davies sold 36,000 shares of Major Drilling Group International stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of C$9.25, for a total value of C$333,000.00. 0.32% of the stock is owned by company insiders.

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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