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

Journey Energy logo with Energy background

Journey Energy Inc. (TSE:JOY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.75 and traded as high as C$2.06. Journey Energy shares last traded at C$2.01, with a volume of 82,847 shares trading hands.

Journey Energy Stock Down 1.5%

The company has a debt-to-equity ratio of 19.07, a quick ratio of 0.95 and a current ratio of 0.65. The firm's 50 day moving average price is C$1.75 and its two-hundred day moving average price is C$1.77. The company has a market cap of C$133.51 million, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41.

Insider Buying and Selling at Journey Energy

In related news, Director Alexander G. Verge acquired 100,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were bought at an average price of C$1.41 per share, with a total value of C$141,000.00. Insiders have bought a total of 365,200 shares of company stock worth $600,944 in the last quarter. 7.64% of the stock is currently owned by corporate insiders.

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.

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