Major Drilling Group International Inc. (MDI:CA) Rises 9.34% for September 10

Equities Staff  |

September 10 was a positive day for Major Drilling Group International Inc. (MDI:CA) as its stock finished the day having gained 9.34% to hit a price of $5.50 a share. The company reached a market cap of 441.65 million and has 80.3 million shares outstanding. Major Drilling Group International Inc. is a component of the the S&P/TSX SmallCap Index.

1.45 million shares changed hands over the course of the day as compared to an average volume of 101,338 over the last 30 days for Major Drilling Group International Inc..

Major Drilling Group International Inc is engaged in the business of contract drilling. Basically, it provides services to companies which 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. The company has operations in Canada, the United States, Mexico, South America, Asia, Africa and Europe. Revenue for the company is generated through contracts and from ancillary services for the customers.. The company makes its home in Moncton, NB, and is currently under the leadership of CEO Denis Larocque.

Major Drilling Group International Inc. has hit a high of $5.48 and reached a low of $3.89 over its last year of trading. The stock’s 50-day SMA is now $4.61 and 200-day SMA is $4.49. As for its price valuations, the P/E ratio is at 0 and P/B is now 1.22.

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The S&P/TSX SmallCap Index tracks over 200 Canadian small-cap stocks for cumulative performance. Relying on market cap weighting to calculate returns, it’s an index similar in composition to the Russell 2000, only focused on Canadian companies and much smaller in terms of its total membership. Widely recognized as the benchmark for small-cap Canadian stocks, the member companies must have a market cap between C$100 million and C$1.5 billion and an average share price of at least C$1.

To get more information on Major Drilling Group International Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: MDI:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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