Major Drilling Group International (TSE:MDI) Shares Cross Above 200-Day Moving Average of $8.38

Major Drilling Group International Inc. (TSE:MDI) shares 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 changing hands.

Analysts Set New Price Targets

Separately, TD Securities dropped their price objective 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 report on Tuesday, February 27th.

Major Drilling Group International Price Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 3.75 and a quick ratio of 1.92. The stock’s fifty day moving average is C$8.69 and its 200-day moving average is C$8.38. The stock has a market cap of C$795.00 million, a PE ratio of 12.62, a price-to-earnings-growth ratio of 3.45 and a beta of 1.66.

Major Drilling Group International (TSE:MDI) last posted its 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 company had revenue of C$132.82 million during the quarter. As a group, equities 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.