Benjamin Luke Graham Sells 12,400 Shares of Major Drilling Group International Inc. (TSE:MDI) Stock

Major Drilling Group International Inc. (TSE:MDI) Senior Officer Benjamin Luke Graham sold 12,400 shares of the business’s stock in a transaction 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.

Major Drilling Group International Stock Performance

Shares of Major Drilling Group International stock opened at C$8.76 on Friday. The company has a current ratio of 3.35, a quick ratio of 1.92 and a debt-to-equity ratio of 1.29. The company has a market cap of C$716.92 million, a PE ratio of 15.37, a price-to-earnings-growth ratio of 3.45 and a beta of 1.65. The company has a 50 day moving average of C$8.57 and a 200-day moving average of C$8.85. Major Drilling Group International Inc. has a 1-year low of C$6.98 and a 1-year high of C$10.39.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MDI shares. TD Securities lowered their target price on Major Drilling Group International from C$14.00 to C$13.00 in a research report on Friday, September 6th. Royal Bank of Canada dropped their price target on Major Drilling Group International from C$15.00 to C$14.00 in a research note on Tuesday.

Major Drilling Group International Company Profile

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.