McCoy Global (TSE:MCB) Trading 14.4% Higher – Here’s Why

McCoy Global Inc. (TSE:MCB)’s share price traded up 14.4% during mid-day trading on Thursday . The stock traded as high as C$2.88 and last traded at C$2.78. 83,518 shares changed hands during trading, a decline of 10% from the average session volume of 93,258 shares. The stock had previously closed at C$2.43.

McCoy Global Price Performance

The company has a fifty day moving average of C$2.76 and a 200-day moving average of C$2.72. The firm has a market cap of C$79.64 million, a P/E ratio of 10.37 and a beta of 0.58. The company has a debt-to-equity ratio of 6.05, a current ratio of 3.07 and a quick ratio of 1.26.

Insider Buying and Selling

In other McCoy Global news, Director Katherine Lynne Demuth acquired 12,794 shares of McCoy Global stock in a transaction on Tuesday, December 31st. The stock was purchased at an average price of C$2.24 per share, for a total transaction of C$28,600.99. 3.66% of the stock is currently owned by corporate insiders.

About McCoy Global

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts.