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Major Drilling Group International (TSE:MDI) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Major Drilling Group International logo with Basic Materials background

Major Drilling Group International Inc. (TSE:MDI - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.37 and traded as high as C$8.58. Major Drilling Group International shares last traded at C$8.54, with a volume of 228,202 shares changing hands.

Major Drilling Group International Stock Performance

The stock's 50-day moving average is C$7.98 and its 200-day moving average is C$8.38. 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 stock has a market cap of C$718.63 million, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 3.45 and a beta of 1.65.

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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