Major Drilling Group International (TSE:MDI) Share Price Crosses Above 200-Day Moving Average of $8.38

Major Drilling Group International Inc. (TSE:MDI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.38 and traded as high as C$9.79. Major Drilling Group International shares last traded at C$9.72, with a volume of 40,016 shares traded.

Analysts Set New Price Targets

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

Major Drilling Group International Stock Performance

The company has a market cap of C$811.36 million, a PE ratio of 12.88, a PEG ratio of 3.45 and a beta of 1.66. The company has a current ratio of 3.75, a quick ratio of 1.92 and a debt-to-equity ratio of 1.05. The business’s 50 day moving average is C$8.76 and its two-hundred day moving average is C$8.40.

Major Drilling Group International (TSE:MDI) last issued its quarterly earnings results on Thursday, February 29th. The company reported C($0.03) EPS for the quarter. Major Drilling Group International had a net margin of 8.84% and a return on equity of 14.08%. The firm had revenue of C$132.82 million for the quarter. On average, equities research analysts anticipate that Major Drilling Group International Inc. will post 0.7854114 EPS for the current year.

Major Drilling Group International Company Profile

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.