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

Major Drilling Group International Inc. (OTCMKTS:MJDLF) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.14 and traded as high as $10.17. Major Drilling Group International shares last traded at $10.00, with a volume of 28,401 shares trading hands.

Analyst Ratings Changes

MJDLF has been the topic of several research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Major Drilling Group International in a research note on Tuesday, December 16th. TD Securities restated a “buy” rating on shares of Major Drilling Group International in a report on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Major Drilling Group International has an average rating of “Buy”.

Major Drilling Group International Trading Up 4.3%

The company has a fifty day simple moving average of $9.14 and a two-hundred day simple moving average of $7.75.

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.