Journey Energy (TSE:JOY) Hits New 1-Year Low – Here’s Why

Journey Energy Inc. (TSE:JOY)’s stock price reached a new 52-week low on Friday . The stock 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 Stock Down 2.0 %

The company has a quick ratio of 0.95, a current ratio of 0.68 and a debt-to-equity ratio of 20.04. The firm has a market capitalization of C$120.86 million, a PE ratio of 11.17, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41. The company’s fifty day simple moving average is C$2.23 and its 200 day simple moving average is C$2.61.

Insider Buying and Selling

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