Insider Selling: Major Drilling Group International Inc. (TSE:MDI) Director Sells 6,600 Shares of Stock

Major Drilling Group International Inc. (TSE:MDI – Get Rating) Director David Buchanan Tennant sold 6,600 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of C$10.91, for a total transaction of C$72,006.00. Following the completion of the transaction, the director now owns 195,100 shares in the company, valued at C$2,128,541.

David Buchanan Tennant also recently made the following trade(s):

• On Thursday, April 21st, David Buchanan Tennant bought 2,000 shares of Major Drilling Group International stock. The stock was bought at an average price of C$11.84 per share, for a total transaction of C$23,680.00.

Shares of TSE MDI traded down C$0.22 during midday trading on Friday, reaching C$10.23. 63,306 shares of the company’s stock traded hands, compared to its average volume of 184,232. The company has a quick ratio of 1.83, a current ratio of 2.73 and a debt-to-equity ratio of 15.40. The stock’s 50 day simple moving average is C$11.05 and its 200-day simple moving average is C$10.00. Major Drilling Group International Inc. has a one year low of C$7.19 and a one year high of C$12.86. The company has a market cap of C$846.08 million and a price-to-earnings ratio of 16.08.

A number of equities analysts have commented on MDI shares. Laurentian upped their target price on shares of Major Drilling Group International from C$14.00 to C$17.50 in a research note on Thursday, June 9th. TD Securities upped their target price on shares of Major Drilling Group International from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Thursday, June 9th. Royal Bank of Canada upped their target price on shares of Major Drilling Group International from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 8th. Finally, Stifel Nicolaus increased their price objective on shares of Major Drilling Group International from C$15.00 to C$20.50 in a research note on Friday, June 10th.

Major Drilling Group International Company Profile (Get Rating)

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 services.

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