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Journey Energy (TSE:JOY) Stock Crosses Above 50-Day Moving Average - Here's Why

Journey Energy logo with Energy background

Journey Energy Inc. (TSE:JOY - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$1.52 and traded as high as C$1.71. Journey Energy shares last traded at C$1.69, with a volume of 72,625 shares changing hands.

Journey Energy Price Performance

The company has a market cap of C$110.27 million, a price-to-earnings ratio of 20.33, a PEG ratio of 0.01 and a beta of 3.41. The company has a quick ratio of 0.95, a current ratio of 0.65 and a debt-to-equity ratio of 19.07. The company's fifty day moving average price is C$1.52 and its two-hundred day moving average price is C$1.79.

Insider Activity

In other Journey Energy news, Director Alexander G. Verge acquired 20,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were acquired at an average price of C$1.43 per share, with a total value of C$28,600.00. Insiders purchased 305,000 shares of company stock worth $459,600 over the last quarter. 7.64% of the stock is currently owned by company insiders.

Journey Energy Company Profile

(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.

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