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Major Drilling Group International (TSE:MDI) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Major Drilling Group International logo with Basic Materials background

Key Points

  • Major Drilling Group International Inc. shares surpassed their 200-day moving average of C$8.47, reaching a high of C$8.82 on Friday before last trading at C$8.73.
  • Insider trading activity included Senior Officer John Ross Davies selling 36,000 shares for a total of C$333,000, while another officer sold 6,000 shares for C$55,500.
  • The company has a market cap of C$713.72 million and a P/E ratio of 17.13, indicating its current valuation metrics in the market.
  • Looking to Export and Analyze Major Drilling Group International Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Major Drilling Group International Inc. (TSE:MDI - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.47 and traded as high as C$8.82. Major Drilling Group International shares last traded at C$8.73, with a volume of 44,685 shares changing hands.

Major Drilling Group International Price Performance

The company has a market cap of C$715.36 million, a P/E ratio of 17.17, a PEG ratio of 3.45 and a beta of 1.65. The company has a fifty day simple moving average of C$8.86 and a 200-day simple moving average of C$8.47. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.59 and a quick ratio of 1.92.

Insider Buying and Selling at Major Drilling Group International

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

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.

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