Major Drilling Group International (TSE:MDI) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Major Drilling Group International Inc. (TSE:MDI)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$8.37 and traded as high as C$8.58. Major Drilling Group International shares last traded at C$8.54, with a volume of 228,202 shares traded.

Major Drilling Group International Price Performance

The stock has a market cap of C$698.19 million, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 3.45 and a beta of 1.65. The business has a 50-day simple moving average of C$8.02 and a 200 day simple moving average of C$8.37. The company has a current ratio of 3.59, a quick ratio of 1.92 and a debt-to-equity ratio of 1.17.

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.