Journey Energy (TSE:JOY) Stock Price Up 2.4% – Time to Buy?

Shares of Journey Energy Inc. (TSE:JOY) were up 2.4% during trading on Wednesday . The stock traded as high as C$2.14 and last traded at C$2.14. Approximately 43,665 shares changed hands during trading, a decline of 57% from the average daily volume of 101,031 shares. The stock had previously closed at C$2.09.

Journey Energy Stock Down 2.5 %

The company has a debt-to-equity ratio of 20.04, a quick ratio of 0.95 and a current ratio of 0.68. The firm’s 50 day moving average price is C$2.22 and its two-hundred day moving average price is C$2.60. The company has a market cap of C$120.25 million, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41.

Insider Activity

In other news, Director Alexander G. Verge acquired 31,800 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average price of C$2.08 per share, for a total transaction of C$66,144.00. Also, Director Reginald Stevenson Smith bought 40,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average cost of C$2.06 per share, for a total transaction of C$82,400.00. Over the last 90 days, insiders have purchased 79,800 shares of company stock worth $164,304. Company insiders own 7.64% of the company’s stock.

About Journey Energy

Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas in Alberta province. The company’s principal revenue source is from petroleum and natural gas sales which include the sale of crude oil, natural gas and natural gas liquids, of which it derives key revenue from the sale of crude oil.