Shares of Journey Energy Inc. (OTCMKTS:JRNGF – Get Free Report) dropped 0.8% during trading on Thursday . The company traded as low as $4.42 and last traded at $4.4735. Approximately 90,278 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 123,442 shares. The stock had previously closed at $4.51.
Journey Energy Price Performance
The business’s 50 day simple moving average is $4.03 and its 200 day simple moving average is $3.13.
About Journey Energy
Journey Energy Inc (OTCMKTS:JRNGF) is an upstream oil and gas company headquartered in Calgary, Alberta. The company is primarily engaged in the exploration, development and production of natural gas, light crude oil and natural gas liquids in Western Canada. Through its portfolio of assets, Journey Energy focuses on value-driven growth by applying modern drilling and completion techniques to both conventional and unconventional reservoirs.
Journey Energy’s operations are concentrated in key resource plays such as the Montney and Duvernay formations in northeastern British Columbia and Alberta, as well as the Mannville and Cardium intervals in Alberta and Saskatchewan.
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