Insider Selling: Major Drilling Group International Inc. (TSE:MDI) Senior Officer Sells C$44,264.88 in Stock

Major Drilling Group International Inc. (TSE:MDI) Senior Officer John Ross Davies sold 4,968 shares of Major Drilling Group International stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of C$8.91, for a total transaction of C$44,264.88.

Major Drilling Group International Stock Performance

Shares of TSE MDI opened at C$8.82 on Friday. The company has a current ratio of 3.75, a quick ratio of 1.92 and a debt-to-equity ratio of 1.05. Major Drilling Group International Inc. has a 12 month low of C$6.81 and a 12 month high of C$10.39. The company has a 50 day simple moving average of C$9.62 and a two-hundred day simple moving average of C$8.98. The stock has a market cap of C$721.39 million, a price-to-earnings ratio of 11.45, a PEG ratio of 3.45 and a beta of 1.65.

Wall Street Analyst Weigh In

Separately, TD Securities lowered their target price on shares of Major Drilling Group International from C$14.50 to C$14.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th.

About Major Drilling Group International

Major Drilling Group International Inc provides contract drilling services for mining and mineral exploration companies. The company offers a suite of drilling services, including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive, longhole drilling, surface drill and blast, and related mining services.