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

Shares of Journey Energy Inc. (TSE:JOY) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.05 and traded as high as C$2.10. Journey Energy shares last traded at C$2.09, with a volume of 125,307 shares.

Journey Energy Price Performance

The company has a market cap of C$128.22 million, a P/E ratio of 11.61, a P/E/G ratio of 0.01 and a beta of 3.41. The company’s 50-day moving average price is C$2.05 and its two-hundred day moving average price is C$2.34. The company has a current ratio of 0.68, a quick ratio of 0.95 and a debt-to-equity ratio of 20.04.

Journey Energy (TSE:JOY) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.02 by C($0.01). Journey Energy had a net margin of 6.72% and a return on equity of 3.85%. As a group, sell-side analysts expect that Journey Energy Inc. will post 0.2601215 earnings per share for the current year.

Insider Activity at Journey Energy

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

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.