McCoy Global (TSE:MCB – Get Free Report) posted its quarterly earnings results on Friday. The company reported C($0.04) earnings per share for the quarter, FiscalAI reports. McCoy Global had a return on equity of 5.44% and a net margin of 5.46%. The company had revenue of C$13.38 million during the quarter.
McCoy Global Stock Up 4.6%
MCB traded up C$0.11 during trading on Friday, reaching C$2.49. 209,281 shares of the stock traded hands, compared to its average volume of 77,675. The stock has a market cap of C$67.67 million, a price-to-earnings ratio of 17.79 and a beta of 0.25. McCoy Global has a fifty-two week low of C$2.07 and a fifty-two week high of C$3.46. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.54 and a quick ratio of 1.26. The stock’s 50-day simple moving average is C$2.38 and its two-hundred day simple moving average is C$2.48.
Insider Transactions at McCoy Global
In other news, Director Elizabeth Kernaghan purchased 522,300 shares of McCoy Global stock in a transaction dated Friday, October 2nd. The stock was acquired at an average cost of C$2.25 per share, for a total transaction of C$1,175,175.00. Following the acquisition, the director directly owned 3,314,600 shares in the company, valued at C$7,457,850. This represents a 18.71% increase in their ownership of the stock. Also, insider Kernwood Limited purchased 522,300 shares of McCoy Global stock in a transaction dated Friday, October 2nd. The shares were purchased at an average price of C$2.25 per share, with a total value of C$1,175,175.00. Following the completion of the acquisition, the insider owned 3,314,600 shares in the company, valued at C$7,457,850. The trade was a 18.71% increase in their ownership of the stock. Insiders acquired 1,050,000 shares of company stock worth $2,362,462 in the last 90 days. Corporate 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.
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