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Journey Energy (TSE:JOY) Share Price Crosses Above 50-Day Moving Average - What's Next?

Journey Energy logo with Energy background

Shares of Journey Energy Inc. (TSE:JOY - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$1.52 and traded as high as C$1.85. Journey Energy shares last traded at C$1.85, with a volume of 103,713 shares.

Journey Energy Trading Up 2.8%

The stock has a market cap of C$122.89 million, a PE ratio of 22.66, a P/E/G ratio of 0.01 and a beta of 3.41. The business's fifty day moving average is C$1.52 and its 200 day moving average is C$1.78. The company has a quick ratio of 0.95, a current ratio of 0.65 and a debt-to-equity ratio of 19.07.

Insider Buying and Selling at Journey Energy

In other news, Director Alexander G. Verge acquired 100,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average price of C$1.41 per share, with a total value of C$141,000.00. Insiders have acquired 308,000 shares of company stock valued at $464,550 over the last quarter. Corporate insiders own 7.64% of the company's stock.

About Journey Energy

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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