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Major Drilling Group International (TSE:MDI) Stock Passes Above 200-Day Moving Average - Should You Sell?

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 two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.36 and traded as high as C$8.40. Major Drilling Group International shares last traded at C$8.33, with a volume of 75,081 shares trading hands.

Major Drilling Group International Trading Down 1.2%

The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.92 and a current ratio of 3.59. The company has a 50 day moving average of C$8.14 and a two-hundred day moving average of C$8.35. The stock has a market cap of C$672.84 million, a PE ratio of 16.15, a price-to-earnings-growth ratio of 3.45 and a beta of 1.65.

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.

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