McCoy Global (TSE:MCB) Shares Up 33.3%

McCoy Global Inc (TSE:MCB)’s stock price shot up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.60 and last traded at C$0.60, 6,693,490 shares traded hands during trading. An increase of 10,680% from the average session volume of 62,089 shares. The stock had previously closed at C$0.45.

Separately, Canaccord Genuity reduced their price objective on McCoy Global from C$0.65 to C$0.55 in a research note on Friday, August 16th.

The company has a 50 day moving average of C$0.50 and a 200-day moving average of C$0.73. The company has a debt-to-equity ratio of 20.73, a current ratio of 3.02 and a quick ratio of 1.30. The company has a market capitalization of $14.52 million and a P/E ratio of -6.58.

McCoy Global (TSE:MCB) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$11.46 million during the quarter. Research analysts predict that McCoy Global Inc will post 0.12 EPS for the current fiscal year.

About McCoy Global (TSE:MCB)

McCoy Global Inc, together with its subsidiaries, provides equipment and technologies to support wellbore integrity and assist with collecting critical data for the energy industry. It designs, produces, and distributes capital equipment to support wellbore integrity, as well as supports capital equipment sales through aftermarket products and services, such as technical support, consumables, and replacement parts.

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