Major Drilling Group Int’l (TSE:MDI) Shares Pass Above Two Hundred Day Moving Average of $4.38

Share on StockTwits

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.

Major Drilling Group Int’l (TSE:MDI) last announced its earnings results on Thursday, June 6th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.05). The business had revenue of C$100.40 million during the quarter, compared to the consensus estimate of C$105.50 million. As a group, equities research analysts predict that Major Drilling Group Int’l Inc. will post 0.13 earnings per share for the current fiscal year.

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.

Read More: Momentum Indicators

Receive News & Ratings for Major Drilling Group Int'l Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Major Drilling Group Int'l and related companies with MarketBeat.com's FREE daily email newsletter.