Journey Energy (TSE:JOY) Sets New 12-Month Low – Here’s What Happened

Journey Energy Inc. (TSE:JOY)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$1.94 and last traded at C$1.97, with a volume of 28760 shares. The stock had previously closed at C$2.01.

Journey Energy Price Performance

The business’s fifty day simple moving average is C$2.22 and its 200 day simple moving average is C$2.60. The company has a debt-to-equity ratio of 20.04, a quick ratio of 0.95 and a current ratio of 0.68. The stock has a market cap of C$120.25 million, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41.

Insider Buying and Selling at Journey Energy

In other news, Director Reginald Stevenson Smith acquired 40,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of C$2.06 per share, with a total value of C$82,400.00. Also, Director Alexander G. Verge bought 31,800 shares of Journey Energy stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of C$2.08 per share, for a total transaction of C$66,144.00. Insiders acquired a total of 79,800 shares of company stock worth $164,304 in the last 90 days. 7.64% of the stock is owned by corporate 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.