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Journey Energy (TSE:JOY) Share Price Passes Above 50 Day Moving Average - Time to Sell?

Journey Energy logo with Energy background

Journey Energy Inc. (TSE:JOY - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$1.60 and traded as high as C$2.17. Journey Energy shares last traded at C$2.16, with a volume of 145,818 shares traded.

Journey Energy Price Performance

The stock has a market capitalization of C$149.46 million, a P/E ratio of 27.56, a PEG ratio of 0.01 and a beta of 3.41. The business has a fifty day simple moving average of C$1.65 and a 200-day simple moving average of C$1.78. The company has a debt-to-equity ratio of 19.07, a quick ratio of 0.95 and a current ratio of 0.65.

Insiders Place Their Bets

In other Journey Energy news, Director Alexander G. Verge purchased 82,700 shares of the business's stock in a transaction on Monday, June 9th. The shares were purchased at an average cost of C$1.82 per share, for a total transaction of C$150,514.00. In the last three months, insiders have acquired 390,700 shares of company stock worth $615,064. Corporate insiders own 7.64% of the company's stock.

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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