Major Drilling Group Int’l Inc. (TSE:MDI) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.38 and traded as high as $5.03. Major Drilling Group Int’l shares last traded at $5.00, with a volume of 95,200 shares.
Several research firms have recently commented on MDI. Laurentian set a C$6.00 price target on shares of Major Drilling Group Int’l and gave the company a “buy” rating in a research report on Tuesday, April 30th. TD Securities reduced their price target on shares of Major Drilling Group Int’l from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report on Tuesday, June 11th.
The stock has a market cap of $401.50 million and a PE ratio of -21.83. The company has a debt-to-equity ratio of 4.78, a quick ratio of 1.82 and a current ratio of 3.28. The company’s 50-day moving average price is C$4.55 and its 200 day moving average price is C$4.38.
About Major Drilling Group Int’l (TSE:MDI)
Major Drilling Group International Inc primarily provides contract drilling services for mining and mineral exploration companies. It offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole drilling, surface drill and blast, and various mine services.
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