Major Drilling Group Int'l Inc. (MDI) Director Purchases C$10,829.00 in Stock

Major Drilling Group Int'l Inc. (TSE:MDI) Director Janice Gaye Rennie purchased 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was bought at an average price of C$6.37 per share, for a total transaction of C$10,829.00.

Shares of Major Drilling Group Int'l Inc. (TSE MDI) traded down C$0.01 during midday trading on Friday, hitting C$6.29. The company had a trading volume of 111,400 shares, compared to its average volume of 105,200. Major Drilling Group Int'l Inc. has a 52 week low of C$6.03 and a 52 week high of C$8.69. The company has a market capitalization of $517.93, a PE ratio of -17.97 and a beta of -0.77.

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Major Drilling Group Int'l (TSE:MDI) last issued its quarterly earnings results on Thursday, March 1st. The company reported C($0.11) EPS for the quarter. Major Drilling Group Int'l had a negative return on equity of 2.86% and a negative net margin of 3.09%. The company had revenue of C$74.97 million during the quarter.

Separately, TD Securities decreased their price target on Major Drilling Group Int'l from C$9.00 to C$8.00 and set a “hold” rating on the stock in a research report on Monday, December 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$8.58.

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Major Drilling Group Int'l Company Profile

Major Drilling Group International Inc is a drilling services company. The Company is engaged in the business of contract drilling for companies primarily involved in mining and mineral exploration. The Company operates through three geographical segments, which include Canada – U.S., South and Central America, and Asia and Africa.

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