Major Drilling Group Int’l (TSE:MDI) Share Price Passes Above Two Hundred Day Moving Average of $0.00

Major Drilling Group Int’l Inc. (TSE:MDI)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $4.35. Major Drilling Group Int’l shares last traded at $4.31, with a volume of 10,600 shares.

A number of equities analysts recently commented on MDI shares. TD Securities lowered their price target on shares of Major Drilling Group Int’l from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report on Tuesday, June 11th. Laurentian set a C$6.00 price target on shares of Major Drilling Group Int’l and gave the stock a “buy” rating in a research report on Tuesday, April 30th.

The company has a quick ratio of 1.82, a current ratio of 3.28 and a debt-to-equity ratio of 4.78. The stock has a market capitalization of $360.55 million and a PE ratio of -19.52. The stock’s fifty day moving average price is C$4.22.

Major Drilling Group Int’l (TSE:MDI) last released its earnings results on Thursday, June 6th. The company reported C($0.03) EPS for the quarter, missing the consensus estimate of C$0.02 by C($0.05). The business had revenue of C$100.40 million for the quarter, compared to analysts’ expectations of C$105.50 million. On average, analysts predict that Major Drilling Group Int’l Inc. will post 0.13 EPS for the current year.

Major Drilling Group Int’l Company Profile (TSE:MDI)

Major Drilling Group International Inc primarily provides contract drilling services for mining and mineral exploration companies. It 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 various mine services.

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