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Major Drilling Group International (TSE:MDI) Share Price Crosses Above 200-Day Moving Average - Here's Why

Written by MarketBeat
October 3, 2025
Major Drilling Group International logo with Basic Materials background

Key Points

  • Major Drilling Group International's share price has crossed above its 200-day moving average, reaching a high of C$12.05 during trading.
  • The company's market capitalization is C$965.55 million, with a PE ratio of 47.16 and a debt-to-equity ratio of 1.17.
  • Major Drilling specializes in contract drilling services for the mining and mineral exploration sectors, offering various drilling methods and related services.
  • Five stocks to consider instead of Major Drilling Group International.

Major Drilling Group International Inc. (TSE:MDI - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.89 and traded as high as C$12.05. Major Drilling Group International shares last traded at C$11.79, with a volume of 139,117 shares traded.

Major Drilling Group International Stock Down 2.0%

The company has a market capitalization of C$965.55 million, a PE ratio of 47.16, a price-to-earnings-growth ratio of 3.45 and a beta of 0.89. The firm's 50-day simple moving average is C$9.77 and its 200 day simple moving average is C$8.89. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.92 and a current ratio of 3.59.

About Major Drilling Group International

(Get Free Report)

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.

Further Reading

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