Major Drilling Group International (OTCMKTS:MJDLF) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Major Drilling Group International Inc. (OTCMKTS:MJDLF)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.02 and traded as high as $11.04. Major Drilling Group International shares last traded at $10.86, with a volume of 48,722 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MJDLF. TD Securities restated a “buy” rating on shares of Major Drilling Group International in a research note on Friday, December 5th. Royal Bank Of Canada reissued an “outperform” rating on shares of Major Drilling Group International in a report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Major Drilling Group International Stock Performance

The business has a 50 day moving average of $10.02 and a 200-day moving average of $8.55.

About Major Drilling Group International

Major Drilling Group International Inc is a Canada-based contract drilling services provider to the global mineral exploration and mining industries. The company specializes in a broad range of drilling techniques—including diamond and reverse circulation core drilling, directional drilling, sonic drilling, and geotechnical and environmental drilling—designed to locate and delineate mineral resources for clients across the precious and base metals sector.

Since its founding in 1980, Major Drilling has expanded its footprint to serve customers on six continents, with operating locations in North America, South America, Africa, Australia, Asia Pacific and Europe.