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

Journey Energy Inc. (TSE:JOY)’s share 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 trading hands.

Journey Energy Trading Up 2.3 %

The stock has a market cap of C$133.74 million, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41. 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 company’s 50 day simple moving average is C$2.04 and its two-hundred day simple moving average is C$2.43.

Insider Buying and Selling at Journey Energy

In other Journey Energy news, Director Reginald Stevenson Smith bought 40,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was 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 bought 31,800 shares of the firm’s stock in a transaction on 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. In the last quarter, insiders have purchased 79,800 shares of company stock worth $164,304. 7.64% of the stock is currently owned by company insiders.

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.