JOY (TSE:JOY) Hits New 52-Week High - Still a Buy?

Key Points

• JOY Co., Ltd. (TSE:JOY) reached a new 52-week high, trading as high as C$3.20 and closing at C$3.17, with a trading volume of 66,440 shares.
• The company has a market capitalization of C$214.07 million and a PE ratio of 12.76, indicating a solid financial standing.
• Insider buying activity was noted, with Director Alexander G. Verge purchasing 84,500 shares at an average price of C$2.04, reflecting confidence in the company's future.

JOY Co., Ltd. (TSE:JOY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$3.20 and last traded at C$3.17, with a volume of 66440 shares changing hands. The stock had previously closed at C$3.12.

JOY Stock Performance

The stock has a 50-day simple moving average of C$2.67 and a 200-day simple moving average of C$2.04. The company has a market capitalization of C$214.74 million, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.01 and a beta of 1.10. The company has a current ratio of 0.65, a quick ratio of 0.95 and a debt-to-equity ratio of 19.07.

Insider Activity

In other news, Director Alexander G. Verge purchased 84,500 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were acquired at an average cost of C$2.04 per share, with a total value of C$172,380.00. Corporate insiders own 7.64% of the company's stock.

JOY Company Profile

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.