Shares of Journey Energy Inc. (TSE:JOY – Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$2.20 and last traded at C$2.24, with a volume of 29954 shares changing hands. The stock had previously closed at C$2.22.
Analyst Upgrades and Downgrades
Separately, Ventum Cap Mkts raised shares of Journey Energy to a “strong-buy” rating in a research note on Tuesday, August 6th.
Get Our Latest Stock Analysis on JOY
Journey Energy Trading Up 2.7 %
Journey Energy (TSE:JOY – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$50.53 million during the quarter. Journey Energy had a return on equity of 3.85% and a net margin of 6.72%. As a group, equities analysts predict that Journey Energy Inc. will post 0.2599772 EPS for the current year.
Insider Activity at Journey Energy
In other Journey Energy news, Director Alexander G. Verge acquired 19,700 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were purchased at an average cost of C$3.00 per share, for a total transaction of C$59,100.00. Insiders have acquired a total of 29,700 shares of company stock worth $86,600 in the last 90 days. Company insiders own 7.64% of the company’s stock.
About Journey Energy
Journey Energy Inc is involved in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012. Journey Energy Inc was founded in 2007 and is headquartered in Calgary, Canada.
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