Journey Energy (TSE:JOY) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Journey Energy Inc. (TSE:JOY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$2.04 and traded as high as C$2.18. Journey Energy shares last traded at C$2.18, with a volume of 11,806 shares traded.

Journey Energy Stock Performance

The company has a quick ratio of 0.95, a current ratio of 0.68 and a debt-to-equity ratio of 20.04. The company has a market cap of C$129.45 million, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41. The firm has a fifty day simple moving average of C$2.04 and a 200-day simple moving average of C$2.38.

Journey Energy (TSE:JOY) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). Journey Energy had a return on equity of 3.85% and a net margin of 6.72%. On average, research analysts forecast that Journey Energy Inc. will post 0.2601215 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Reginald Stevenson Smith bought 40,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of C$2.06 per share, with a total value of C$82,400.00. Also, Director Alexander G. Verge acquired 31,800 shares of Journey Energy stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average cost of C$2.08 per share, with a total value of C$66,144.00. Insiders purchased a total of 79,800 shares of company stock valued at $164,304 in the last ninety days. Corporate insiders own 7.64% of the company’s stock.

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.