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

Journey Energy Inc. (TSE:JOY)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 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 Price Performance

The company has a current ratio of 0.68, a quick ratio of 0.95 and a debt-to-equity ratio of 20.04. The business has a 50-day moving average of C$2.04 and a 200 day moving average of C$2.38. The firm has a market capitalization of C$133.74 million, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41.

Insider Activity

In other Journey Energy news, Director Alexander G. Verge acquired 31,800 shares of Journey Energy stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of C$2.08 per share, for a total transaction of C$66,144.00. Also, Director Reginald Stevenson Smith bought 40,000 shares of the firm’s stock in a transaction dated 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. Insiders bought a total of 79,800 shares of company stock worth $164,304 over the last quarter. 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.