JOY (TSE:JOY) Posts Quarterly Earnings Results

JOY (TSE:JOY) issued its earnings results on Thursday. The company reported C$0.26 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$55.38 million during the quarter. JOY had a return on equity of 3.55% and a net margin of 7.12%.

JOY Stock Performance

Shares of TSE JOY traded up C$0.33 during trading on Friday, reaching C$4.62. 780,937 shares of the company traded hands, compared to its average volume of 335,183. The stock has a market cap of C$311.76 million, a P/E ratio of 27.18, a PEG ratio of 0.01 and a beta of 0.80. JOY has a 12-month low of C$2.42 and a 12-month high of C$6.81. The firm’s fifty day simple moving average is C$4.65 and its 200 day simple moving average is C$4.77. The company has a current ratio of 0.52, a quick ratio of 0.95 and a debt-to-equity ratio of 14.84.

Insider Activity

In other JOY news, insider Gerald Gilewicz sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$6.50, for a total value of C$130,000.00. Following the sale, the insider directly owned 129,614 shares of the company’s stock, valued at approximately C$842,491. This trade represents a 13.37% decrease in their ownership of the stock. Also, Director Alexander G. Verge sold 200,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was 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 directly 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 position. Insiders sold a total of 330,000 shares of company stock valued at $2,135,250 in the last three months. Corporate insiders own 7.64% of the company’s stock.

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.