Journey Energy (TSE:JOY) Reaches New 1-Year Low – Time to Sell?

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

Journey Energy Trading Down 2.0 %

The business’s fifty day moving average is C$2.23 and its 200-day moving average is C$2.61. The stock has a market capitalization of C$120.86 million, a PE ratio of 11.17, a P/E/G ratio of 0.01 and a beta of 3.41. The company has a quick ratio of 0.95, a current ratio of 0.68 and a debt-to-equity ratio of 20.04.

Insider Buying and Selling

In other Journey Energy news, Director Alexander G. Verge acquired 31,800 shares of Journey Energy stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of C$2.08 per share, with a total value of C$66,144.00. Also, Director Reginald Stevenson Smith acquired 40,000 shares of the company’s stock in a transaction dated 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. Insiders have bought 79,800 shares of company stock worth $164,304 over the last ninety days. 7.64% of the stock is owned by 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.