JOY (TSE:JOY) Shares Up 4.4% – Here’s Why

JOY Co., Ltd. (TSE:JOY) shares rose 4.4% on Wednesday . The stock traded as high as C$4.31 and last traded at C$4.23. Approximately 140,736 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 335,114 shares. The stock had previously closed at C$4.05.

JOY Trading Up 4.9%

The business has a 50 day simple moving average of C$4.88 and a two-hundred day simple moving average of C$4.71. The company has a current ratio of 0.52, a quick ratio of 0.95 and a debt-to-equity ratio of 14.84. The company has a market cap of C$286.79 million, a PE ratio of 25.00, a price-to-earnings-growth ratio of 0.01 and a beta of 0.82.

JOY (TSE:JOY) last released its earnings results on Thursday, May 7th. The company reported C($0.09) EPS for the quarter. JOY had a net margin of 7.12% and a return on equity of 3.55%. The business had revenue of C$31.46 million during the quarter. On average, analysts forecast that JOY Co., Ltd. will post 0.2601215 EPS for the current fiscal year.

Insider Activity at JOY

In related news, Director Tom Macinnis bought 21,250 shares of the stock in a transaction that occurred on Friday, June 19th. The stock was purchased at an average cost of C$4.69 per share, for a total transaction of C$99,662.50. Following the completion of the acquisition, the director owned 21,250 shares in the company, valued at C$99,662.50. This trade represents a ∞ increase in their ownership of the stock. Also, Director Alexander G. Verge sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of C$6.48, for a total transaction of C$1,296,000.00. Following the completion of the sale, the director owned 268,900 shares of the company’s stock, valued at approximately C$1,742,472. The trade was a 42.65% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 330,000 shares of company stock worth $2,135,250. Corporate insiders own 7.64% of the company’s stock.

JOY 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.