JOY (TSE:JOY) Shares Down 9.1% - Here's What Happened

Key Points

• JOY shares fell 9.1% on Friday to C$4.58 (intraday low C$4.45) with ~144,217 shares traded, about 41% below its average daily volume.
• Insider selling has been significant: insiders disposed of 92,081 shares (≈C$509,417) over the past three months, including notable sales by Ryan Yates and Richard Tracy.
• Recent results show EPS of C$0.14 on C$41.84M revenue; the company has a market cap of C$315.8M and a P/E of 12.32, with analysts forecasting ~C$0.26 EPS for the fiscal year.

JOY Co., Ltd. (TSE:JOY - Get Free Report) dropped 9.1% on Friday . The company traded as low as C$4.45 and last traded at C$4.58. Approximately 144,217 shares were traded during trading, a decline of 41% from the average daily volume of 244,122 shares. The stock had previously closed at C$5.04.

JOY Stock Down 7.1%

The company has a debt-to-equity ratio of 14.32, a quick ratio of 0.95 and a current ratio of 0.65. The stock has a 50 day moving average price of C$4.65 and a 200 day moving average price of C$3.90. The company has a market cap of C$315.81 million, a P/E ratio of 12.32, a P/E/G ratio of 0.01 and a beta of 0.58.

JOY (TSE:JOY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$41.84 million for the quarter. JOY had a return on equity of 7.54% and a net margin of 13.26%. Research analysts expect that JOY Co., Ltd. will post 0.2601215 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ryan Yates sold 26,581 shares of the business's stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$5.76, for a total value of C$153,106.56. Following the completion of the sale, the insider directly owned 49,798 shares in the company, valued at approximately C$286,836.48. The trade was a 34.80% decrease in their position. Also, insider Richard Tracy sold 31,000 shares of the firm's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$5.43, for a total transaction of C$168,330.00. Following the completion of the transaction, the insider owned 113,347 shares in the company, valued at C$615,474.21. The trade was a 21.48% decrease in their ownership of the stock. Insiders have sold 92,081 shares of company stock valued at $509,417 over the last three months. 7.64% of the stock is currently owned by insiders.

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.

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