Major Drilling Group International (TSE:MDI) Stock Passes Above Two Hundred Day Moving Average of $8.84

Major Drilling Group International Inc. (TSE:MDIGet Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$8.84 and traded as high as C$9.89. Major Drilling Group International shares last traded at C$9.85, with a volume of 58,434 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut their price target on shares of Major Drilling Group International from C$14.50 to C$14.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th.

View Our Latest Stock Report on Major Drilling Group International

Major Drilling Group International Stock Performance

The stock has a market cap of C$772.92 million, a PE ratio of 12.92, a P/E/G ratio of 3.45 and a beta of 1.65. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.75 and a quick ratio of 1.92. The stock has a 50-day simple moving average of C$9.68 and a 200-day simple moving average of C$8.85.

About Major Drilling Group International

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Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. The company 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 related mining services.

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