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

Key Points

• Major Drilling Group International's stock price has surpassed its 200-day moving average of C$9.05, achieving a trading high of C$11.72.
• Insider John Ross Davies sold 20,000 shares at an average price of C$11.79, totaling C$235,800, while corporate insiders hold only 0.32% of the stock.
• The company, with a market capitalization of C$937.71 million, specializes in contract drilling services for mining and mineral exploration.

Major Drilling Group International Inc. (TSE:MDI - )'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.05 and traded as high as C$11.72. Major Drilling Group International shares last traded at C$11.45, with a volume of 101,440 shares trading hands.

Major Drilling Group International Price Performance

The stock has a fifty day moving average price of C$10.09 and a 200-day moving average price of C$9.05. The firm has a market capitalization of C$937.71 million, a PE ratio of 45.80, a P/E/G ratio of 3.45 and a beta of 0.99. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.92 and a current ratio of 3.59.

Insider Buying and Selling

In other news, insider John Ross Davies sold 20,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of C$11.79, for a total value of C$235,800.00. Corporate insiders own 0.32% of the company's stock.

Major Drilling Group International Company Profile

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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