Journey Energy (TSE:JOY) Sets New 52-Week Low – Time to Sell?

Journey Energy Inc. (TSE:JOYGet Free Report)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$1.62 and last traded at C$1.65, with a volume of 31860 shares changing hands. The stock had previously closed at C$1.70.

Journey Energy Stock Down 8.8 %

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 company has a market cap of C$102.96 million, a price-to-earnings ratio of 18.98, a P/E/G ratio of 0.01 and a beta of 3.41. The business has a fifty day moving average price of C$2.00 and a two-hundred day moving average price of C$2.19.

About Journey Energy

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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.

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