Major Drilling traded at 14.94 this Wednesday August 5th, increasing 0.63 or 4.40 percent since the previous trading session. Looking back, over the last four weeks, Major Drilling gained 1.84 percent. Over the last 12 months, its price rose by 70.94 percent. Looking ahead, we forecast Major Drilling to be priced at 13.61 by the end of this quarter and at 12.72 in one year, according to Trading Economics global macro models projections and analysts expectations.
Major Drilling Group International Inc. is a drilling services company. The Company is engaged in the business of contract drilling for companies primarily involved in mining and mineral exploration. The Company operates through three geographical segments, which include Canada - U.S., South and Central America, and Asia and Africa. The Company also has its operations in Mexico and Europe. The Company provides a range 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 and a range of drilling-related mine services. The Company categorizes its mineral drilling services into three types: specialized drilling, conventional drilling and underground drilling.