Major Drilling Group International Inc. (TSE:MDI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.39 and traded as high as C$9.06. Major Drilling Group International shares last traded at C$8.85, with a volume of 65,626 shares changing hands.
Major Drilling Group International Price Performance
The stock's 50-day simple moving average is C$8.64 and its 200 day simple moving average is C$8.40. The company has a quick ratio of 1.92, a current ratio of 3.59 and a debt-to-equity ratio of 1.17. The company has a market cap of C$740.70 million, a price-to-earnings ratio of 17.78, a PEG ratio of 3.45 and a beta of 1.65.
Insider Buying and Selling
In other news, Senior Officer Barry Lee Zerbin sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The shares were 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 the firm's 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 transaction of C$333,000.00. Company insiders own 0.32% of the company's stock.
About Major Drilling Group International
(
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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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