Journey Energy (TSE:JOY) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Journey Energy Inc. (TSE:JOY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.05 and traded as low as C$1.63. Journey Energy shares last traded at C$1.67, with a volume of 205,953 shares trading hands.

Journey Energy Stock Performance

The company has a market cap of C$100.97 million, a PE ratio of 18.62, a PEG ratio of 0.01 and a beta of 3.41. The company has a current ratio of 0.65, a quick ratio of 0.95 and a debt-to-equity ratio of 19.07. The business’s 50 day moving average is C$1.78 and its two-hundred day moving average is C$2.05.

Insiders Place Their Bets

In related news, Director Alexander G. Verge acquired 90,000 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of C$1.68 per share, with a total value of C$151,200.00. In the last quarter, insiders acquired 110,000 shares of company stock worth $186,500. Corporate 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.