Journey Energy (TSE:JOY) Shares Pass Above 50 Day Moving Average - What's Next?

Journey Energy Inc. (TSE:JOY - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.52 and traded as high as C$1.65. Journey Energy shares last traded at C$1.59, with a volume of 104,043 shares traded.

Journey Energy Stock Down 1.8%

The firm has a market cap of C$106.94 million, a P/E ratio of 19.72, a price-to-earnings-growth 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 firm has a fifty day moving average of C$1.52 and a 200-day moving average of C$1.80.

Insider Buying and Selling at Journey Energy

In other news, Director Alexander G. Verge bought 100,000 shares of the stock in a transaction dated Tuesday, April 8th. The shares were bought at an average price of C$1.41 per share, for a total transaction of C$141,000.00. Insiders have acquired 305,000 shares of company stock worth $459,600 over the last 90 days. Company insiders own 7.64% of the company's stock.

About Journey Energy

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.