McCoy Global (TSE:MCB) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

McCoy Global Inc. (TSE:MCB) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.64 and traded as high as C$2.92. McCoy Global shares last traded at C$2.86, with a volume of 178,285 shares trading hands.

McCoy Global Price Performance

The business has a 50-day moving average of C$2.82 and a 200 day moving average of C$2.64. The company has a current ratio of 3.13, a quick ratio of 1.26 and a debt-to-equity ratio of 6.50. The firm has a market capitalization of C$77.73 million, a P/E ratio of 9.23 and a beta of 0.58.

Insider Transactions at McCoy Global

In other McCoy Global news, Director Katherine Lynne Demuth bought 12,794 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost 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 provides equipment and technologies to support tubular running operations that enhance wellbore integrity and assist with collecting critical data for the energy industry. The company’s products are used during the well construction phase for land and offshore wells during oil and gas exploration and development.