Journey Energy (TSE:JOY) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Journey Energy Inc. (TSE:JOY)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.04 and traded as high as C$2.19. Journey Energy shares last traded at C$2.18, with a volume of 73,581 shares traded.

Journey Energy Trading Up 2.3 %

The business’s 50 day moving average price is C$2.04 and its two-hundred day moving average price is C$2.43. The company has a market capitalization of C$133.74 million, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41. The company has a debt-to-equity ratio of 20.04, a quick ratio of 0.95 and a current ratio of 0.68.

Insider Transactions at Journey Energy

In other Journey Energy news, Director Reginald Stevenson Smith bought 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was acquired at an average cost of C$2.06 per share, with a total value of C$82,400.00. Also, Director Alexander G. Verge bought 31,800 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of C$2.08 per share, with a total value of C$66,144.00. In the last three months, insiders purchased 79,800 shares of company stock valued at $164,304. Company insiders own 7.64% of the company’s stock.

About Journey Energy

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.