Major Drilling Group International (TSE:MDI) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Major Drilling Group International Inc. (TSE:MDI)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.17 and traded as high as C$13.48. Major Drilling Group International shares last traded at C$13.30, with a volume of 195,645 shares trading hands.

Major Drilling Group International Stock Up 2.0%

The stock has a market capitalization of C$1.09 billion, a P/E ratio of 53.20, a PEG ratio of 3.45 and a beta of 1.05. The stock has a 50 day moving average price of C$12.22 and a 200-day moving average price of C$10.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.59 and a quick ratio of 1.92.

Insider Buying and Selling

In other Major Drilling Group International news, insider John Ross Davies sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$11.79, for a total value of C$235,800.00. Also, insider Denis Joseph Larocque acquired 4,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were bought at an average cost of C$9.79 per share, with a total value of C$39,160.00. Following the purchase, the insider owned 88,275 shares of the company’s stock, valued at approximately C$864,212.25. This trade represents a 4.75% increase in their position. 0.32% of the stock is owned by corporate insiders.

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.