JOY (TSE:JOY) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• JOY Co., Ltd. (TSE:JOY) shares have surpassed their 50-day moving average of C$2.40, reaching a high of C$3.05 during trading.
• The company has a market cap of C$202.66 million and a PE ratio of 12.08, indicating relatively low valuation metrics.
• Director Alexander G. Verge recently acquired 84,500 shares at an average price of C$2.04, underscoring insider confidence in the stock.

JOY Co., Ltd. (TSE:JOY - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.40 and traded as high as C$3.05. JOY shares last traded at C$3.02, with a volume of 215,467 shares changing hands.

JOY Stock Performance

The firm has a market cap of C$200.65 million, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 0.01 and a beta of 1.10. The stock's 50 day moving average is C$2.46 and its 200 day moving average is C$1.93. 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 Buying and Selling

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

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.