Journey Energy (TSE:JOY) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Journey Energy Inc. (TSE:JOY) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.30 and traded as low as C$2.00. Journey Energy shares last traded at C$2.00, with a volume of 6,679 shares changing hands.

Journey Energy Price Performance

The stock has a 50 day moving average of C$2.04 and a two-hundred day moving average of C$2.30. The company has a debt-to-equity ratio of 20.04, a quick ratio of 0.95 and a current ratio of 0.68. The firm has a market capitalization of C$122.70 million, a P/E ratio of 11.11, a P/E/G ratio of 0.01 and a beta of 3.41.

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

Insiders Place Their Bets

In other news, Director Alexander G. Verge acquired 31,800 shares of the stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of C$2.08 per share, for a total transaction of C$66,144.00. Also, Director Reginald Stevenson Smith acquired 40,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of C$2.06 per share, for a total transaction of C$82,400.00. Insiders have acquired a total of 79,800 shares of company stock valued at $164,304 in the last three months. Company 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.