McCoy Global (TSE:MCB) Releases Quarterly Earnings Results

McCoy Global (TSE:MCB) posted its quarterly earnings data 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 firm had revenue of C$13.38 million for the quarter.

McCoy Global Stock Up 4.6%

TSE MCB opened at C$2.49 on Friday. The firm has a market cap of C$67.67 million, a PE ratio of 17.79 and a beta of 0.25. McCoy Global has a one year low of C$2.07 and a one year high of C$3.46. The stock’s 50 day simple moving average is C$2.38 and its 200 day simple moving average is C$2.48. The company has a debt-to-equity ratio of 3.26, a current ratio of 3.54 and a quick ratio of 1.26.

Insiders Place Their Bets

In other McCoy Global news, Director Elizabeth Kernaghan acquired 522,300 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was purchased at an average price of C$2.25 per share, for a total transaction of C$1,175,175.00. Following the transaction, the director owned 3,314,600 shares in the company, valued at C$7,457,850. This trade represents a 18.71% increase in their position. Also, insider Kernwood Limited acquired 522,300 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was acquired at an average price of C$2.25 per share, with a total value of C$1,175,175.00. Following the transaction, the insider owned 3,314,600 shares in the company, valued at approximately C$7,457,850. The trade was a 18.71% increase in their position. Insiders have purchased a total of 1,050,000 shares of company stock valued at $2,362,462 over the last ninety days. 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.