Major Drilling Group International Inc. (TSE:MDI - Get Free Report)'s share price rose 13.4% on Thursday . The company traded as high as C$9.73 and last traded at C$9.73. Approximately 373,415 shares were traded during mid-day trading, an increase of 150% from the average daily volume of 149,149 shares. The stock had previously closed at C$8.58.
Major Drilling Group International Stock Performance
The stock has a 50 day simple moving average of C$8.33 and a two-hundred day simple moving average of C$8.35. The company has a market capitalization of C$756.23 million, a price-to-earnings ratio of 18.15, a PEG ratio of 3.45 and a beta of 1.65. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.59 and a quick ratio of 1.92.
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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