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

Separately, Canaccord Genuity cut their price target on shares of McCoy Global from C$0.65 to C$0.55 in a report on Friday, August 16th.

The company has a market cap of $12.33 million and a P/E ratio of -6.58. The company has a debt-to-equity ratio of 20.73, a quick ratio of 1.30 and a current ratio of 3.02. The business’s fifty day moving average is C$0.50 and its two-hundred day moving average is C$0.73.

McCoy Global (TSE:MCB) last issued its earnings results on Wednesday, August 14th. The company reported C($0.04) EPS for the quarter. The business had revenue of C$11.46 million for the quarter. Analysts expect that McCoy Global Inc will post 0.1313684 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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