Major Drilling Group Int’l Inc. (MDI) Director David Buchanan Tennant Purchases 4,200 Shares

Major Drilling Group Int’l Inc. (TSE:MDI) Director David Buchanan Tennant purchased 4,200 shares of the stock in a transaction that occurred on Friday, December 7th. The shares were acquired at an average price of C$5.00 per share, for a total transaction of C$21,000.00.

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

  • On Wednesday, September 12th, David Buchanan Tennant purchased 3,000 shares of Major Drilling Group Int’l stock. The shares were acquired at an average price of C$4.93 per share, for a total transaction of C$14,790.00.

MDI stock traded up C$0.14 during trading on Friday, reaching C$5.06. 34,300 shares of the stock were exchanged, compared to its average volume of 67,322. The company has a quick ratio of 1.75, a current ratio of 3.22 and a debt-to-equity ratio of 5.00. Major Drilling Group Int’l Inc. has a 1 year low of C$4.17 and a 1 year high of C$7.89.

Major Drilling Group Int’l (TSE:MDI) last issued its earnings results on Tuesday, September 4th. The company reported C($0.03) EPS for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.01. The firm had revenue of C$98.49 million for the quarter, compared to analysts’ expectations of C$100.30 million. As a group, equities analysts predict that Major Drilling Group Int’l Inc. will post 0.219999986114399 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Major Drilling Group Int’l from C$8.00 to C$6.00 and set a “sector perform” rating on the stock in a research report on Friday, November 2nd. Beacon Securities restated a “hold” rating on shares of Major Drilling Group Int’l in a research report on Tuesday, September 11th. Finally, TD Securities lowered their price target on shares of Major Drilling Group Int’l from C$8.00 to C$6.50 and set a “hold” rating on the stock in a research report on Thursday, September 6th.

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About Major Drilling Group Int’l

Major Drilling Group International Inc primarily provides contract drilling services for mining and mineral exploration companies. It 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 various mine services.

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