Major Drilling Group Int’l (MDI) Sets New 52-Week Low at $5.96

Major Drilling Group Int’l Inc. (TSE:MDI) shares hit a new 52-week low on Monday . The company traded as low as C$5.96 and last traded at C$5.96, with a volume of 34975 shares traded. The stock had previously closed at C$6.13.

Major Drilling Group Int’l (TSE:MDI) last issued its quarterly earnings data on Thursday, June 7th. The company reported C($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.08) by C$0.03. Major Drilling Group Int’l had a negative net margin of 3.09% and a negative return on equity of 2.86%. The business had revenue of C$95.41 million during the quarter, compared to analysts’ expectations of C$85.50 million.

In other news, insider Denis Joseph Larocque bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The shares were purchased at an average price of C$6.98 per share, for a total transaction of C$34,900.00.

Major Drilling Group Int’l Company Profile

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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