Journey Energy (TSE:JOY) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Journey Energy Inc. (TSE:JOY)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.49 and traded as low as C$2.33. Journey Energy shares last traded at C$2.43, with a volume of 29,851 shares.

Analyst Ratings Changes

Separately, Ventum Cap Mkts upgraded shares of Journey Energy to a “strong-buy” rating in a research note on Tuesday, August 6th.

Journey Energy Price Performance

The stock’s 50-day moving average is C$2.49 and its 200-day moving average is C$3.00. The firm has a market cap of C$149.08 million, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41. The company has a quick ratio of 0.95, a current ratio of 0.68 and a debt-to-equity ratio of 20.04.

Journey Energy (TSE:JOY) last announced its earnings results on Thursday, August 8th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$50.53 million for the quarter. Journey Energy had a return on equity of 3.85% and a net margin of 6.72%. As a group, equities analysts anticipate that Journey Energy Inc. will post 0.2601215 EPS for the current fiscal year.

Journey Energy Company Profile

Journey Energy Inc is involved in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012. Journey Energy Inc was founded in 2007 and is headquartered in Calgary, Canada.