Major Drilling Group International (TSE:MDI) Insider Denis Joseph Larocque Acquires 4,000 Shares

Major Drilling Group International Inc. (TSE:MDI) insider Denis Joseph Larocque acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were bought at an average price of C$9.79 per share, with a total value of C$39,160.00. Following the acquisition, the insider directly owned 88,275 shares of the company’s stock, valued at C$864,212.25. The trade was a 4.75% increase in their position.

Major Drilling Group International Stock Performance

TSE MDI opened at C$11.45 on Friday. Major Drilling Group International Inc. has a 52-week low of C$6.51 and a 52-week high of C$12.07. The company has a 50-day simple moving average of C$10.09 and a 200 day simple moving average of C$9.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.92 and a current ratio of 3.59. The company has a market capitalization of C$937.71 million, a PE ratio of 45.80, a price-to-earnings-growth ratio of 3.45 and a beta of 0.99.

About Major Drilling Group International

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.