JOY (TSE:JOY) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• JOY Co., Ltd. (TSE:JOY) shares have crossed above their 50-day moving average of C$2.02, trading as high as C$2.48 on Tuesday.
• Insider trades indicate confidence, with Director Alexander G. Verge acquiring 84,500 shares at C$2.04 per share, totaling about C$172,380.
• The company's market cap stands at C$163.41 million, with a debt-to-equity ratio of 19.07 and a P/E ratio of 30.13.

JOY Co., Ltd. (TSE:JOY - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.02 and traded as high as C$2.48. JOY shares last traded at C$2.46, with a volume of 75,674 shares changing hands.

JOY Stock Performance

The firm's 50 day simple moving average is C$2.05 and its 200-day simple moving average is C$1.82. 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 company has a market capitalization of C$156.76 million, a price-to-earnings ratio of 28.91, a P/E/G ratio of 0.01 and a beta of 3.41.

Insider Transactions at JOY

In other news, Director Alexander G. Verge bought 84,500 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were bought at an average cost of C$2.04 per share, with a total value of C$172,380.00. Over the last 90 days, insiders have acquired 170,200 shares of company stock worth $327,844. 7.64% of the stock is owned by insiders.

About JOY

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.