Journey Energy (TSE:JOY) Stock Crosses Above 50-Day Moving Average – What’s Next?

Journey Energy Inc. (TSE:JOY) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.05 and traded as high as C$2.08. Journey Energy shares last traded at C$2.05, with a volume of 238,301 shares changing hands.

Journey Energy Stock Up 4.4 %

The stock has a fifty day moving average of C$2.04 and a 200 day moving average of C$2.45. The company has a debt-to-equity ratio of 20.04, a current ratio of 0.68 and a quick ratio of 0.95. The firm has a market capitalization of C$131.29 million, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41.

Insider Buying and Selling

In other news, Director Reginald Stevenson Smith purchased 40,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of C$2.06 per share, with a total value of C$82,400.00. Also, Director Alexander G. Verge acquired 31,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of C$2.08 per share, with a total value of C$66,144.00. In the last ninety days, insiders have purchased 79,800 shares of company stock valued at $164,304. 7.64% of the stock is owned by insiders.

Journey Energy 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.