Major Drilling Group International (TSE:MDI) Director Sells C$391,600.00 in Stock

Major Drilling Group International Inc. (TSE:MDI) Director Jo Mark Zurel sold 40,000 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of C$9.79, for a total value of C$391,600.00. Following the completion of the transaction, the director owned 26,600 shares in the company, valued at C$260,414. This represents a 60.06% decrease in their position.

Major Drilling Group International Price Performance

Shares of MDI opened at C$11.45 on Tuesday. The company has a market capitalization of C$937.71 million, a price-to-earnings ratio of 45.80, a P/E/G ratio of 3.45 and a beta of 0.99. Major Drilling Group International Inc. has a fifty-two week low of C$6.51 and a fifty-two week high of C$12.07. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.59 and a quick ratio of 1.92. The business’s 50-day moving average is C$10.15 and its 200-day moving average is C$9.09.

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.