Major Drilling Group International Inc. (TSE:MDI – Get Free Report)’s stock price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$15.89 and traded as low as C$15.29. Major Drilling Group International shares last traded at C$15.51, with a volume of 126,045 shares trading hands.
Major Drilling Group International Price Performance
The company has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 3.45 and a beta of 1.51. The company has a current ratio of 2.39, a quick ratio of 1.92 and a debt-to-equity ratio of 6.80. The company’s 50 day simple moving average is C$15.89 and its 200-day simple moving average is C$16.09.
Major Drilling Group International (TSE:MDI – Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported C$0.18 earnings per share for the quarter. The business had revenue of C$277.35 million during the quarter. Major Drilling Group International had a net margin of 2.74% and a return on equity of 4.61%. On average, equities research analysts predict that Major Drilling Group International Inc. will post 0.58 earnings per share for the current fiscal year.
Major Drilling Group International Company Profile
Major Drilling Group International Inc. is the world’s largest provider of drilling services in the metals and mining industry. The diverse needs of the Company’s global clientele are met through field operations and registered offices that span across North America, South America, Australia, Asia, Africa, and Europe. Established in 1980, the Company has grown to become a global brand in the mining space, known for tackling many of the world’s most challenging drilling projects. Supported by a highly skilled workforce, Major Drilling is led by an experienced senior management team that has steered it through various economic and mining cycles, supported by regional managers known for delivering decades of superior project management.
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