Major Drilling Group International Inc. (TSE:MDI - Get Free Report) crossed above its 200-day moving average during trading on Friday after an insider bought additional shares in the company. The stock has a 200-day moving average of C$8.37 and traded as high as C$9.20. Major Drilling Group International shares last traded at C$9.00, with a volume of 114,606 shares changing hands.
Major Drilling Group International Trading Down 2.4%
The firm has a market cap of C$735.80 million, a price-to-earnings ratio of 17.66, a P/E/G ratio of 3.45 and a beta of 1.65. 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 business has a 50-day moving average of C$8.52 and a 200-day moving average of C$8.37.
Major Drilling Group International Company Profile
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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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