Journey Energy (TSE:JOY) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Journey Energy Inc. (TSE:JOY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.15 and traded as low as C$1.73. Journey Energy shares last traded at C$1.78, with a volume of 100,625 shares traded.

Journey Energy Price Performance

The stock has a 50-day moving average of C$2.15 and a two-hundred day moving average of C$2.54. The firm has a market cap of C$109.20 million, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41. The company has a current ratio of 0.68, a quick ratio of 0.95 and a debt-to-equity ratio of 20.04.

Insider Transactions at Journey Energy

In related news, Director Reginald Stevenson Smith acquired 40,000 shares of the company’s stock in a transaction on 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. Also, Director Alexander G. Verge bought 31,800 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was bought at an average price of C$2.08 per share, with a total value of C$66,144.00. Insiders have bought a total of 79,800 shares of company stock valued at $164,304 over the last ninety days. Corporate 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.