McCoy Global (TSE:MCB) Director Acquires 150,000 Shares

Key Points

• Director James Rakievich acquired 150,000 shares at an average price of C$1.88 on March 18, boosting his holdings 14.38% to 1,193,113 shares valued at about C$2.24M.
• McCoy Global shares traded around C$2.20 (down 1.8%), with a market cap of C$58.97M, a P/E of 6.67, and the stock sitting near its 1‑year low while below its 50‑ and 200‑day averages (~C$3.09/C$3.17).
• The company reported C$0.30 EPS for the quarter on C$25.55M revenue, with a 10.76% net margin and 13.80% ROE, and analysts expect about C$0.30 EPS for the fiscal year.

McCoy Global Inc. (TSE:MCB - Get Free Report) Director James Rakievich acquired 150,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were acquired at an average price of C$1.88 per share, for a total transaction of C$282,000.00. Following the acquisition, 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.

McCoy Global Stock Down 1.8%

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 traded hands, compared to its average volume of 73,393. 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 business has a 50-day simple moving average of C$3.09 and a 200 day simple moving average of C$3.17. The stock has a market cap of C$58.97 million, a P/E ratio of 6.67 and a beta of -0.11. McCoy Global Inc. has a 1-year low of C$2.17 and a 1-year high of C$4.48.

McCoy Global (TSE:MCB - Get Free Report) last posted its 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 for the quarter. On average, analysts expect that McCoy Global Inc. will post 0.3003901 EPS for the current fiscal 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.

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