Free Trial

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) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.37 and traded as high as C$8.43. Major Drilling Group International shares last traded at C$8.30, with a volume of 34,138 shares changing hands.

Major Drilling Group International Trading Down 1.5%

The company has a current ratio of 3.59, a quick ratio of 1.92 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of C$678.57 million, a price-to-earnings ratio of 16.29, a PEG ratio of 3.45 and a beta of 1.65. The firm has a 50-day moving average of C$8.01 and a 200 day moving average of C$8.37.

Major Drilling Group International Company Profile

(Get Free Report)

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Major Drilling Group International Right Now?

Before you consider Major Drilling Group International, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Major Drilling Group International wasn't on the list.

While Major Drilling Group International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

New AI Deals Just Sent These 4 Infrastructure Stocks Soaring
7 Nuclear Stocks One Announcement Away from Exploding
3 AI ETFs for Steady Gains in 2025 (Without the Wild Volatility)

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines