McCoy Global (TSE:MCB) Announces Earnings Results

McCoy Global (TSE:MCB) posted its quarterly earnings results on Friday. The company reported C($0.12) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$9.36 million during the quarter. McCoy Global had a net margin of 10.76% and a return on equity of 13.80%.

McCoy Global Stock Down 17.3%

MCB stock traded down C$0.47 during mid-day trading on Friday, reaching C$2.25. The company had a trading volume of 854,806 shares, compared to its average volume of 79,532. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.26 and a current ratio of 3.10. The company has a market capitalization of C$61.08 million, a price-to-earnings ratio of 6.82 and a beta of 0.32. The firm has a fifty day simple moving average of C$2.52 and a 200 day simple moving average of C$2.89. McCoy Global has a fifty-two week low of C$2.12 and a fifty-two week high of C$4.48.

Insider Buying and Selling at McCoy Global

In other McCoy Global news, Director James Rakievich bought 150,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of C$1.88 per share, with a total value of C$282,000.00. Following the transaction, 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.

About McCoy Global

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.