McCoy Global (TSE:MCB) Director Acquires C$282,000.00 in Stock

McCoy Global Inc. (TSE:MCB) Director James Rakievich acquired 150,000 shares of McCoy Global stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of C$1.88 per share, with a total value of C$282,000.00. Following the purchase, the director directly owned 1,193,113 shares in the company, valued at approximately C$2,243,052.44. This trade represents a 14.38% increase in their ownership of the stock.

McCoy Global Stock Performance

Shares of TSE MCB traded down C$0.04 during mid-day trading on Thursday, reaching C$2.20. 70,720 shares of the company’s stock were exchanged, compared to its average volume of 73,393. The firm has a 50-day moving average price of C$3.09 and a two-hundred day moving average price of C$3.17. 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 firm has a market capitalization of C$58.97 million, a price-to-earnings ratio of 6.67 and a beta of -0.11. McCoy Global Inc. has a 52 week low of C$2.17 and a 52 week high of C$4.48.

McCoy Global (TSE:MCB) last posted its quarterly earnings results on Friday, March 6th. The company reported C$0.30 earnings per share for the quarter. McCoy Global had a net margin of 10.76% and a return on equity of 13.80%. The company had revenue of C$25.55 million during the quarter. Analysts predict that McCoy Global Inc. will post 0.3003901 EPS for the current year.

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.