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

Shares of Journey Energy Inc. (TSE:JOY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-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.

Journey Energy Price Performance

The stock has a market cap of C$109.20 million, a P/E 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. The company’s fifty day simple moving average is C$2.15 and its 200-day simple moving average is C$2.54.

Insider Activity at Journey Energy

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