Journey Energy (TSE:JOY) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Journey Energy Inc. (TSE:JOY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.30 and traded as low as C$2.00. Journey Energy shares last traded at C$2.00, with a volume of 6,679 shares.

Journey Energy Price Performance

The stock has a market capitalization of C$122.70 million, a price-to-earnings ratio of 11.11, 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. The stock has a 50-day simple moving average of C$2.04 and a 200 day simple moving average of C$2.30.

Journey Energy (TSE:JOY) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.01 EPS for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). Journey Energy had a return on equity of 3.85% and a net margin of 6.72%. On average, equities research analysts forecast that Journey Energy Inc. will post 0.2601215 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alexander G. Verge purchased 31,800 shares of Journey Energy stock in a transaction dated 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. Also, Director Reginald Stevenson Smith purchased 40,000 shares of Journey Energy stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of C$2.06 per share, with a total value of C$82,400.00. In the last ninety days, insiders acquired 79,800 shares of company stock worth $164,304. 7.64% of the stock is currently owned by company insiders.

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.