Major Drilling Group International Inc. (TSE:MDI) Senior Officer Sells C$109,144.95 in Stock

Major Drilling Group International Inc. (TSE:MDI) Senior Officer Benjamin Luke Graham sold 12,400 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of C$8.80, for a total transaction of C$109,144.95.

Major Drilling Group International Price Performance

Shares of TSE:MDI opened at C$8.76 on Friday. Major Drilling Group International Inc. has a twelve month low of C$6.98 and a twelve month high of C$10.39. The company has a market cap of C$716.92 million, a price-to-earnings ratio of 15.37, a PEG ratio of 3.45 and a beta of 1.65. The business has a 50 day moving average price of C$8.57 and a 200 day moving average price of C$8.85. The company has a quick ratio of 1.92, a current ratio of 3.35 and a debt-to-equity ratio of 1.29.

Analysts Set New Price Targets

Several research analysts have recently commented on MDI shares. Royal Bank of Canada dropped their price target on shares of Major Drilling Group International from C$15.00 to C$14.00 in a research note on Tuesday. TD Securities cut their target price on Major Drilling Group International from C$14.00 to C$13.00 in a report on Friday, September 6th.

About Major Drilling Group International

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.