McCoy Global (TSE:MCB) Releases Quarterly Earnings Results

McCoy Global (TSE:MCB) released its earnings results on Friday. The company reported C($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. McCoy Global had a net margin of 5.46% and a return on equity of 5.44%. The company had revenue of C$13.38 million during the quarter.

McCoy Global Stock Performance

TSE:MCB traded up C$0.11 during midday trading on Friday, reaching C$2.49. The stock had a trading volume of 209,281 shares, compared to its average volume of 77,675. The firm has a fifty day simple moving average of C$2.38 and a two-hundred day simple moving average of C$2.49. McCoy Global has a 12-month low of C$2.07 and a 12-month high of C$3.46. The company has a quick ratio of 1.26, a current ratio of 3.54 and a debt-to-equity ratio of 3.26. The stock has a market cap of C$67.67 million, a P/E ratio of 17.79 and a beta of 0.25.

Insider Buying and Selling at McCoy Global

In other news, insider Kernwood Limited acquired 522,300 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was bought at an average price of C$2.25 per share, for a total transaction of C$1,175,175.00. Following the transaction, the insider 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, Director Elizabeth Kernaghan acquired 522,300 shares of the business’s stock in a transaction on 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 transaction, the director owned 3,314,600 shares in the company, valued at C$7,457,850. The trade was a 18.71% increase in their position. Insiders acquired a total of 1,050,000 shares of company stock worth $2,362,462 over the last three months. 3.66% of the stock is currently owned by corporate insiders.

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.