Major Drilling Group International (OTCMKTS:MJDLF) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Major Drilling Group International Inc. (OTCMKTS:MJDLF) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.94 and traded as high as $12.08. Major Drilling Group International shares last traded at $12.08, with a volume of 22,701 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Major Drilling Group International in a research note on Tuesday, February 24th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Major Drilling Group International currently has an average rating of “Buy”.

Major Drilling Group International Stock Up 0.1%

The firm has a 50 day moving average of $11.94 and a two-hundred day moving average of $10.23.

About Major Drilling Group International

Major Drilling Group International Inc is a Canada-based contract drilling services provider to the global mineral exploration and mining industries. The company specializes in a broad range of drilling techniques—including diamond and reverse circulation core drilling, directional drilling, sonic drilling, and geotechnical and environmental drilling—designed to locate and delineate mineral resources for clients across the precious and base metals sector.

Since its founding in 1980, Major Drilling has expanded its footprint to serve customers on six continents, with operating locations in North America, South America, Africa, Australia, Asia Pacific and Europe.