McCoy Global (TSE:MCB) Stock Jumps 11.6% – Here’s What Happened

McCoy Global Inc. (TSE:MCB)’s share price traded up 11.6% on Monday. The company traded as high as C$2.52 and last traded at C$2.51. Approximately 929,627 shares changed hands during mid-day trading, an increase of 1,055% from the average session volume of 80,456 shares. The stock had previously closed at C$2.25.

McCoy Global Trading Up 11.1%

The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.26 and a current ratio of 3.54. The firm has a 50 day simple moving average of C$2.24 and a two-hundred day simple moving average of C$2.30. The firm has a market capitalization of C$67.94 million, a P/E ratio of 17.86 and a beta of 0.03.

Insider Buying and Selling at McCoy Global

In other McCoy Global news, insider Kernwood Limited acquired 522,300 shares of McCoy Global stock in a transaction on Friday, October 2nd. The stock was purchased at an average price of C$2.25 per share, for a total transaction of C$1,175,175.00. Following the purchase, the insider directly owned 3,314,600 shares of the company’s stock, valued at C$7,457,850. This trade represents a 18.71% increase in their ownership of the stock. Also, Director Elizabeth Kernaghan acquired 522,300 shares of the stock in a transaction on Friday, October 2nd. The stock was bought at an average cost of C$2.25 per share, for a total transaction of C$1,175,175.00. Following the transaction, the director owned 3,314,600 shares of the company’s stock, valued at approximately C$7,457,850. This trade represents a 18.71% increase in their position. In the last three months, insiders acquired 1,050,000 shares of company stock worth $2,362,462. 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.