McCoy Global (TSE:MCB) Trading Up 6.6% – Here’s Why

McCoy Global Inc. (TSE:MCB) shares rose 6.6% on Thursday . The stock traded as high as C$2.64 and last traded at C$2.60. Approximately 49,861 shares changed hands during trading, a decline of 26% from the average daily volume of 67,673 shares. The stock had previously closed at C$2.44.

McCoy Global Stock Performance

The stock has a fifty day moving average price of C$2.53 and a 200-day moving average price of C$2.89. The firm has a market cap of C$73.30 million, a price-to-earnings ratio of 8.18 and a beta of 0.32. The company has a quick ratio of 1.26, a current ratio of 3.10 and a debt-to-equity ratio of 4.69.

McCoy Global (TSE:MCB) last announced its quarterly earnings data on Friday, March 6th. The company reported C$0.30 EPS for the quarter. McCoy Global had a net margin of 10.76% and a return on equity of 13.80%. The firm had revenue of C$25.55 million during the quarter. On average, analysts expect that McCoy Global Inc. will post 0.3003901 earnings per share for the current fiscal year.

Insider Transactions at McCoy Global

In other news, Director James Rakievich bought 150,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was purchased at an average cost of C$1.88 per share, with a total value of C$282,000.00. Following the purchase, the director owned 1,193,113 shares of the company’s stock, valued at approximately C$2,243,052.44. The trade was a 14.38% increase in their ownership of the stock. Company insiders own 3.66% of the company’s stock.

McCoy Global Company Profile

McCoy Global is transforming well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. The Corporation has offices in Canada, the United States of America, and the United Arab Emirates and operates internationally in more than 50 countries through a combination of direct sales and key distributors. Throughout McCoy’s 100-year history, it has proudly called Edmonton, Alberta, Canada its corporate headquarters.