22:16:59 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Major Drilling Group International Inc
Symbol MDI
Shares Issued 80,640,753
Close 2021-01-22 C$ 7.37
Market Cap C$ 594,322,350
Recent Sedar Documents

Power Growth refreshes Major Drilling buy

2021-01-22 22:08 ET - In the News

Power Growth Investor, in the January, 2021, issue, refreshes its buy of Major Drilling Group International Inc., recently $7.57. Power Growth said buy 22 times from December, 2004, to October, 2020, at prices ranging from $4.39 to $28.70 (the stock split 3 for 1 on March 21, 2011). Assuming a $1,000 investment for each of the 22 buys, the $22,000 position is now worth $25,086. Major is a contract driller that focuses on the mining industry. Lately its share price has been rising alongside gold prices, as better gold markets lead to stronger demand among senior gold miners for Major's specialized services. This has helped the stock more than triple to $7.57 from a low of $2.26 in March, 2020. Meanwhile, in the quarter ended Oct. 31, 2020, Major earned $7.0-million on revenue of $114.2-million, compared with earnings of $7.3-million on revenue of $121.2-million in the same period a year earlier. The stock remains a buy for aggressive investors.

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