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Journey Energy (TSE:JOY) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Journey Energy logo with Energy background

Journey Energy Inc. (TSE:JOY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$1.69 and traded as high as C$2.00. Journey Energy shares last traded at C$1.96, with a volume of 38,510 shares changing hands.

Journey Energy Stock Down 1.5%

The firm's fifty day moving average price is C$1.71 and its two-hundred day moving average price is C$1.77. The stock has a market cap of C$128.87 million, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41. The company has a debt-to-equity ratio of 19.07, a current ratio of 0.65 and a quick ratio of 0.95.

Insider Buying and Selling

In other Journey Energy news, Director Alexander G. Verge bought 82,700 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average price of C$1.82 per share, for a total transaction of C$150,514.00. Insiders have acquired 370,700 shares of company stock worth $579,764 in the last quarter. 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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