Insider Buying: Major Drilling Group Int'l Inc. (MDI) Director Purchases 3,300 Shares of Stock

Major Drilling Group Int'l Inc. (TSE:MDI) Director David Buchanan Tennant bought 3,300 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of C$6.92 per share, with a total value of C$22,836.00.

David Buchanan Tennant also recently made the following trade(s):

  • On Friday, September 8th, David Buchanan Tennant bought 4,400 shares of Major Drilling Group Int'l stock. The shares were purchased at an average cost of C$7.06 per share, with a total value of C$31,064.00.
  • On Tuesday, June 13th, David Buchanan Tennant bought 300 shares of Major Drilling Group Int'l stock. The shares were purchased at an average cost of C$8.45 per share, with a total value of C$2,535.00.

Shares of Major Drilling Group Int'l Inc. (MDI) traded down 0.57% on Monday, reaching $7.01. 139,849 shares of the company’s stock were exchanged. The firm’s market capitalization is $561.77 million. Major Drilling Group Int'l Inc. has a one year low of $5.72 and a one year high of $8.69. The firm has a 50 day moving average of $8.05 and a 200 day moving average of $7.84.

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A number of equities research analysts recently commented on MDI shares. Royal Bank Of Canada reissued a “sector perform” rating and set a C$8.00 target price (up previously from C$7.00) on shares of Major Drilling Group Int'l in a research report on Tuesday, June 6th. Paradigm Capital raised shares of Major Drilling Group Int'l from a “hold” rating to a “buy” rating and increased their target price for the company from C$8.50 to C$9.75 in a research report on Wednesday, June 7th. TD Securities cut shares of Major Drilling Group Int'l from a “buy” rating to a “hold” rating and decreased their target price for the company from C$9.50 to C$9.00 in a research report on Friday. Finally, Beacon Securities cut shares of Major Drilling Group Int'l from a “buy” rating to a “hold” rating in a research report on Thursday.

Major Drilling Group Int'l Company Profile

Major Drilling Group International Inc is a drilling services company. The Company is engaged in the business of contract drilling for companies primarily involved in mining and mineral exploration. The Company operates through three geographical segments, which include Canada – U.S., South and Central America, and Asia and Africa.

Insider Buying and Selling by Quarter for Major Drilling Group Int'l (TSE:MDI)

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