Journey Energy (TSE:JOY) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Journey Energy Inc. (TSE:JOY)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.05 and traded as high as C$2.08. Journey Energy shares last traded at C$2.05, with a volume of 238,301 shares changing hands.

Journey Energy Trading Up 4.4 %

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 stock has a market cap of C$131.29 million, a P/E ratio of 11.89, a P/E/G ratio of 0.01 and a beta of 3.41. The stock has a 50-day moving average price of C$2.04 and a 200-day moving average price of C$2.45.

Insider Buying and Selling at Journey Energy

In other news, Director Alexander G. Verge acquired 31,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average cost of C$2.08 per share, with a total value of C$66,144.00. Also, Director Reginald Stevenson Smith bought 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of C$2.06 per share, with a total value of C$82,400.00. Insiders purchased a total of 79,800 shares of company stock worth $164,304 over the last three months. 7.64% of the stock is owned by insiders.

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.