Journey Energy (TSE:JOY) Sets New 52-Week Low – Here’s Why

Shares of Journey Energy Inc. (TSE:JOY) reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$1.94 and last traded at C$1.97, with a volume of 28760 shares trading hands. The stock had previously closed at C$2.01.

Journey Energy Trading Down 2.5 %

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 business has a fifty day simple moving average of C$2.22 and a 200 day simple moving average of C$2.60. The stock has a market cap of C$120.25 million, a price-to-earnings ratio of 10.89, a PEG ratio of 0.01 and a beta of 3.41.

Insider Activity at Journey Energy

In other Journey Energy news, Director Reginald Stevenson Smith bought 40,000 shares of Journey Energy stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of C$2.06 per share, for a total transaction of C$82,400.00. Also, Director Alexander G. Verge purchased 31,800 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of C$2.08 per share, for a total transaction of C$66,144.00. Insiders have purchased a total of 79,800 shares of company stock valued at $164,304 over the last quarter. Insiders own 7.64% of the company’s stock.

About Journey Energy

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.