Major Drilling Group International (TSE:MDI – Free Report) had its target price boosted by TD Securities from C$13.00 to C$16.00 in a report published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.
Major Drilling Group International Stock Performance
Major Drilling Group International stock opened at C$13.92 on Friday. Major Drilling Group International has a 12 month low of C$6.51 and a 12 month high of C$14.41. The company has a market cap of C$1.14 billion, a price-to-earnings ratio of 55.68, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00. The stock’s 50-day moving average is C$12.39 and its 200-day moving average is C$10.32. 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 Transactions at Major Drilling Group International
In related news, Director Jo Mark Zurel sold 40,000 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of C$9.79, for a total transaction of C$391,600.00. Following the completion of the transaction, the director owned 26,600 shares of the company’s stock, valued at C$260,414. This trade represents a 60.06% decrease in their ownership of the stock. Also, insider John Ross Davies sold 20,000 shares of Major Drilling Group International stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of C$11.79, for a total value of C$235,800.00. Company insiders own 0.32% of the company’s stock.
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.
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