Major Drilling Group International Inc. (TSE:MDI – Get Free Report) insider Benjamin Luke Graham sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of C$16.32, for a total value of C$163,200.00.
Major Drilling Group International Price Performance
Shares of TSE MDI opened at C$14.94 on Friday. The company has a quick ratio of 1.92, a current ratio of 3.59 and a debt-to-equity ratio of 1.17. Major Drilling Group International Inc. has a fifty-two week low of C$6.51 and a fifty-two week high of C$17.00. The business has a 50 day moving average price of C$13.76 and a two-hundred day moving average price of C$11.74. The firm has a market cap of C$1.23 billion, a PE ratio of 78.63, a price-to-earnings-growth ratio of 3.45 and a beta of 1.35.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on MDI shares. Royal Bank Of Canada upped their target price on shares of Major Drilling Group International from C$14.00 to C$17.00 in a research note on Tuesday, December 16th. TD Securities boosted their price objective on Major Drilling Group International from C$13.00 to C$16.00 and gave the company a “buy” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Major Drilling Group International presently has an average rating of “Buy” and a consensus price target of C$16.50.
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. Its geographical segments are Canada – the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada – the United States.
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