Journey Energy (TSE:JOY) Shares Up 2.4% – What’s Next?

Shares of Journey Energy Inc. (TSE:JOY) shot up 2.4% on Wednesday . The stock traded as high as C$2.14 and last traded at C$2.14. 43,665 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 101,031 shares. The stock had previously closed at C$2.09.

Journey Energy Price Performance

The stock has a market cap of C$120.25 million, a P/E ratio of 10.89, a P/E/G ratio of 0.01 and a beta of 3.41. The business has a 50 day simple moving average of C$2.22 and a 200-day simple moving average of 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.

Insider Activity at Journey Energy

In other news, Director Alexander G. Verge acquired 31,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price 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 Journey Energy stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of C$2.06 per share, with a total value of C$82,400.00. Over the last 90 days, insiders purchased 79,800 shares of company stock worth $164,304. 7.64% of the stock is 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.