Benjamin Luke Graham Sells 10,000 Shares of Major Drilling Group International (TSE:MDI) Stock

Major Drilling Group International Inc. (TSE:MDI) insider Benjamin Luke Graham sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of C$16.32, for a total value of C$163,200.00.

Major Drilling Group International Stock Performance

Shares of TSE:MDI traded down C$0.79 during trading on Friday, reaching C$14.87. The company had a trading volume of 268,890 shares, compared to its average volume of 279,619. The firm has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 78.26, a price-to-earnings-growth ratio of 3.45 and a beta of 1.35. Major Drilling Group International Inc. has a fifty-two week low of C$6.51 and a fifty-two week high of C$17.00. The stock’s fifty day moving average price is C$13.70 and its 200 day moving average price is C$11.70. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.59 and a quick ratio of 1.92.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MDI shares. TD Securities increased their price objective on Major Drilling Group International from C$13.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Royal Bank Of Canada increased their target price on shares of Major Drilling Group International from C$14.00 to C$17.00 in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$16.50.

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. Its geographical segments are Canada – the United States; South and Central America; and Asia and Africa, of which most of its revenue comes from Canada – the United States.