Major Drilling Financials

Major Drilling Stock Summary

Major Drilling competes with Geodrill, Prime Meridian, and Macmahon Holdings. Major Drilling Group International Inc. provides contract drilling services for mining and mineral exploration companies. The company was founded in 1980 and is based in Moncton, Canada with additional offices in Mexico, South America, Asia, Africa, USA, and Australia. Major Drilling operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.

Major Drilling Key Financial Ratios

There are many critical financial ratios that Major Drilling's investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Major Drilling Group reports annually and quarterly.

Major Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Major Drilling's current stock value. Our valuation model uses many indicators to compare Major Drilling value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Major Drilling competition to find correlations between indicators driving Major Drilling's intrinsic value. More Info.Major Drilling Group is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about  0.56  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Major Drilling Group is roughly  1.79 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Major Drilling's earnings, one of the primary drivers of an investment's value.

Major Drilling Group Systematic Risk

Along with financial statement analysis, the daily predictive indicators of Major Drilling help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Major Drilling Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Major Drilling Group based on widely used predictive technical indicators. In general, we focus on analyzing Major Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Major Drilling's daily price indicators and compare them against related drivers.

When running Major Drilling's price analysis, check to measure Major Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Major Drilling is operating at the current time. Most of Major Drilling's value examination focuses on studying past and present price action to predict the probability of Major Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Major Drilling's price. Additionally, you may evaluate how the addition of Major Drilling to your portfolios can decrease your overall portfolio volatility.