McCoy Global (TSE:MCB) Announces Earnings Results

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

McCoy Global Price Performance

McCoy Global stock opened at C$2.25 on Friday. The company has a debt-to-equity ratio of 4.69, a current ratio of 3.10 and a quick ratio of 1.26. The stock has a market cap of C$61.08 million, a price-to-earnings ratio of 6.82 and a beta of 0.32. The firm has a 50-day moving average of C$2.50 and a two-hundred day moving average of C$2.88. McCoy Global has a 1 year low of C$2.12 and a 1 year high of C$4.48.

Insider Activity at McCoy Global

In related news, Director James Rakievich purchased 150,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was purchased at an average price of C$1.88 per share, with a total value of C$282,000.00. Following the completion of the purchase, 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 position. Company 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.