Jo Mark Zurel Sells 6,000 Shares of Major Drilling Group International (TSE:MDI) Stock

Major Drilling Group International Inc. (TSE:MDI) Director Jo Mark Zurel sold 6,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of C$17.84, for a total value of C$107,040.00. Following the completion of the sale, the director owned 5,600 shares of the company’s stock, valued at approximately C$99,904. This trade represents a 51.72% decrease in their position.

Major Drilling Group International Price Performance

Shares of Major Drilling Group International stock traded up C$0.40 during trading on Friday, hitting C$17.99. The stock had a trading volume of 274,221 shares, compared to its average volume of 262,751. The company has a debt-to-equity ratio of 6.32, a current ratio of 2.43 and a quick ratio of 1.92. The firm has a market cap of C$1.48 billion, a P/E ratio of 99.94, a PEG ratio of 3.45 and a beta of 1.59. The business has a fifty day moving average of C$16.78 and a two-hundred day moving average of C$15.60. Major Drilling Group International Inc. has a fifty-two week low of C$8.51 and a fifty-two week high of C$18.65.

Major Drilling Group International (TSE:MDI) last announced its quarterly earnings data on Wednesday, June 10th. The company reported C$0.10 earnings per share for the quarter. The business had revenue of C$233.69 million during the quarter. Major Drilling Group International had a return on equity of 3.91% and a net margin of 2.40%. On average, sell-side analysts expect that Major Drilling Group International Inc. will post 0.5757162 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MDI shares. TD upped their target price on Major Drilling Group International from C$21.00 to C$22.00 and gave the company a “buy” rating in a report on Friday. TD Securities upped their target price on Major Drilling Group International from C$16.00 to C$21.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada set a C$20.00 target price on Major Drilling Group International and gave the company an “outperform” rating in a report on Friday, June 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Major Drilling Group International has an average rating of “Buy” and a consensus target price of C$21.00.

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. Its geographical segments are Canada – the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada – the United States.