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

McCoy Global Inc. (TSE:MCB) Director James Rakievich bought 150,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was bought at an average cost of C$1.88 per share, with a total value of C$282,000.00. Following the completion of the transaction, the director 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 position.

McCoy Global Trading Up 0.5%

Shares of MCB opened at C$2.22 on Friday. McCoy Global Inc. has a 1-year low of C$2.12 and a 1-year high of C$4.48. The company has a current ratio of 3.10, a quick ratio of 1.26 and a debt-to-equity ratio of 4.69. The firm’s 50-day moving average price is C$3.06 and its 200-day moving average price is C$3.16. The firm has a market capitalization of C$59.56 million, a price-to-earnings ratio of 6.73 and a beta of -0.11.

McCoy Global (TSE:MCB) last posted its quarterly earnings data on Friday, March 6th. The company reported C$0.30 earnings per share for the quarter. McCoy Global had a return on equity of 13.80% and a net margin of 10.76%.The business had revenue of C$25.55 million for the quarter. Sell-side analysts anticipate 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.