Insider Buying: Journey Energy Inc. (TSE:JOY) Director Buys C$82,400.00 in Stock

Journey Energy Inc. (TSE:JOY) Director Reginald Stevenson Smith purchased 40,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average price of C$2.06 per share, for a total transaction of C$82,400.00.

Journey Energy Stock Up 2.0 %

Shares of TSE JOY opened at C$2.04 on Friday. Journey Energy Inc. has a 1 year low of C$1.94 and a 1 year high of C$4.52. The firm’s 50 day moving average price is C$2.36 and its 200 day moving average price is C$2.82. The firm has a market cap of C$125.15 million, a P/E ratio of 11.28, 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.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts upgraded shares of Journey Energy to a “strong-buy” rating in a research report on Tuesday, August 6th.

About Journey Energy

Journey Energy Inc is involved in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012. Journey Energy Inc was founded in 2007 and is headquartered in Calgary, Canada.