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Major Drilling Group International (TSE:MDI) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Major Drilling Group International logo with Basic Materials background

Major Drilling Group International Inc. (TSE:MDI - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.63 and traded as high as C$10.36. Major Drilling Group International shares last traded at C$10.26, with a volume of 175,660 shares.

Major Drilling Group International Stock Performance

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 stock has a market cap of C$840.25 million, a P/E ratio of 41.04, a price-to-earnings-growth ratio of 3.45 and a beta of 0.89. The company's 50 day moving average price is C$9.29 and its 200-day moving average price is C$8.63.

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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