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Major Drilling Group International (TSE:MDI) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Major Drilling Group International logo with Basic Materials background

Major Drilling Group International Inc. (TSE:MDI - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$8.34 and traded as high as C$8.68. Major Drilling Group International shares last traded at C$8.66, with a volume of 127,065 shares trading hands.

Major Drilling Group International Stock Down 5.2%

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 capitalization of C$756.23 million, a P/E ratio of 18.15, a P/E/G ratio of 3.45 and a beta of 1.65. The firm has a 50-day simple moving average of C$8.33 and a 200 day simple moving average of C$8.35.

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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