Journey Energy (TSE:JOY) Stock Passes Below 50 Day Moving Average - Time to Sell?

Journey Energy Inc. (TSE:JOY - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2.15 and traded as low as C$1.73. Journey Energy shares last traded at C$1.78, with a volume of 100,625 shares changing hands.

Journey Energy Stock Performance

The company has a market cap of C$109.20 million, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41. The company's fifty day moving average is C$2.15 and its 200 day moving average is C$2.54. The company has a current ratio of 0.68, a quick ratio of 0.95 and a debt-to-equity ratio of 20.04.

Insider Activity

In other news, Director Alexander G. Verge bought 31,800 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 purchased 40,000 shares of the company's 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 three months, insiders have purchased 79,800 shares of company stock valued at $164,304. 7.64% of the stock is currently 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.