JOY (TSE:JOY) Hits New 12-Month High – Time to Buy?

JOY Co., Ltd. (TSE:JOY) hit a new 52-week high on Tuesday . The stock traded as high as C$6.14 and last traded at C$6.10, with a volume of 419965 shares. The stock had previously closed at C$5.78.

JOY Trading Up 4.5%

The company has a debt-to-equity ratio of 14.32, a current ratio of 0.65 and a quick ratio of 0.95. The stock has a market cap of C$407.59 million, a price-to-earnings ratio of 15.89, a P/E/G ratio of 0.01 and a beta of 1.47. The company’s fifty day moving average price is C$3.98 and its 200-day moving average price is C$3.64.

JOY (TSE:JOY) last released its earnings results on Wednesday, March 11th. The company reported C$0.14 EPS for the quarter. The company had revenue of C$41.84 million during the quarter. JOY had a net margin of 13.26% and a return on equity of 7.54%. On average, research analysts expect that JOY Co., Ltd. will post 0.2601215 EPS for the current fiscal year.

Insider Activity

In other news, insider Richard Tracy sold 31,000 shares of JOY stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$5.43, for a total transaction of C$168,330.00. Following the completion of the sale, the insider directly owned 113,347 shares in the company, valued at approximately C$615,474.21. The trade was a 21.48% decrease in their ownership of the stock. Insiders have sold a total of 55,500 shares of company stock valued at $301,410 over the last three months. Company insiders own 7.64% of the company’s stock.

About JOY

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.