Major Drilling Group International (TSE:MDI) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Major Drilling Group International Inc. (TSE:MDI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$8.63 and traded as high as C$9.06. Major Drilling Group International shares last traded at C$8.97, with a volume of 162,441 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target on shares of Major Drilling Group International from C$15.00 to C$14.00 in a research report on Tuesday, December 10th.

Major Drilling Group International Stock Performance

The stock has a market cap of C$734.10 million, a price-to-earnings ratio of 15.74, a PEG ratio of 3.45 and a beta of 1.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.35 and a quick ratio of 1.92. The firm has a fifty day moving average of C$8.53 and a 200 day moving average of C$8.63.

Insiders Place Their Bets

In other news, 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. Corporate insiders own 0.32% of the company’s stock.

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.