McCoy Global (TSE:MCB) Stock Price Up 14.4% – Should You Buy?

McCoy Global Inc. (TSE:MCB)’s stock price rose 14.4% on Thursday . The company traded as high as C$2.88 and last traded at C$2.78. Approximately 83,518 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 93,258 shares. The stock had previously closed at C$2.43.

McCoy Global Trading Up 13.6 %

The stock has a 50-day simple moving average of C$2.76 and a two-hundred day simple moving average of C$2.71. The company has a debt-to-equity ratio of 6.05, a quick ratio of 1.26 and a current ratio of 3.07. The firm has a market cap of C$75.28 million, a PE ratio of 9.80 and a beta of 0.58.

Insiders Place Their Bets

In related news, Director Katherine Lynne Demuth purchased 12,794 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was acquired at an average price of C$2.24 per share, with a total value of C$28,600.99. 3.66% of the stock is owned by insiders.

About McCoy Global

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts.