Journey Energy (TSE:JOY) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Journey Energy Inc. (TSE:JOY)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.04 and traded as high as C$2.19. Journey Energy shares last traded at C$2.18, with a volume of 73,581 shares traded.

Journey Energy Price Performance

The company has a debt-to-equity ratio of 20.04, a current ratio of 0.68 and a quick ratio of 0.95. The stock has a market cap of C$133.74 million, a PE ratio of 12.11, a P/E/G ratio of 0.01 and a beta of 3.41. The business has a fifty day moving average of C$2.04 and a 200 day moving average of C$2.43.

Insider Activity

In other news, Director Reginald Stevenson Smith purchased 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average cost of C$2.06 per share, with a total value of C$82,400.00. Also, Director Alexander G. Verge bought 31,800 shares of the stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of C$2.08 per share, with a total value of C$66,144.00. In the last 90 days, insiders have purchased 79,800 shares of company stock worth $164,304. 7.64% of the stock is currently owned by corporate insiders.

Journey Energy Company Profile

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.