JOY (TSE:JOY) Stock Passes Below 200-Day Moving Average – Here’s What Happened

JOY Co., Ltd. (TSE:JOY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.76 and traded as low as C$4.14. JOY shares last traded at C$4.16, with a volume of 438,656 shares changing hands.

More JOY News

Here are the key news stories impacting JOY this week:

• Neutral Sentiment: Multiple outlets reported Anya Taylor-Joy’s view that women are less likely to use extreme method-acting techniques because they have other responsibilities and do not want to become overly immersed in a role. The comments may generate entertainment attention but have no apparent connection to JOY Co.’s operations, earnings or outlook. TheWrap article
• Neutral Sentiment: Additional duplicate reports covered Taylor-Joy’s criticism of male method actors, including her comment that some performers are “too invested” in being difficult. These stories are not relevant to JOY Co., Ltd. (TSE: JOY) or its financial performance. MSN article
• Neutral Sentiment: A separate article reported tributes to comedian Jimmy Cricket following his death. It also has no identifiable bearing on JOY Co.’s business, valuation or investor sentiment. Jimmy Cricket tribute article

JOY Stock Down 4.4%

The firm has a market cap of C$280.72 million, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 0.01 and a beta of 0.80. The company has a quick ratio of 0.95, a current ratio of 0.52 and a debt-to-equity ratio of 14.84. The firm has a fifty day moving average of C$4.70 and a 200-day moving average of C$4.76.

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

Insider Buying and Selling

In other JOY news, insider Brett Boklaschuk sold 25,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$6.51, for a total transaction of C$162,750.00. Following the sale, the insider directly owned 236,877 shares of the company’s stock, valued at approximately C$1,542,069.27. This represents a 9.55% decrease in their ownership of the stock. Also, Director Craig Henry Hansen sold 50,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$6.38, for a total transaction of C$319,000.00. Following the completion of the sale, the director owned 267,396 shares of the company’s stock, valued at approximately C$1,705,986.48. This represents a 15.75% decrease in their position. Insiders have sold a total of 330,000 shares of company stock worth $2,135,250 in the last quarter. 7.64% of the stock is owned by company insiders.

About JOY

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.