Journey Energy (TSE:JOY) Shares Pass Below 200 Day Moving Average - Here's What Happened

Journey Energy Inc. (TSE:JOY - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.05 and traded as low as C$1.63. Journey Energy shares last traded at C$1.67, with a volume of 205,953 shares traded.

Journey Energy Stock Down 10.9 %

The company has a 50-day moving average of C$1.74 and a 200-day moving average of C$2.02. 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 capitalization of C$87.02 million, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41.

Insider Activity

In related news, Director Alexander G. Verge acquired 90,000 shares of the stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average cost of C$1.68 per share, for a total transaction of C$151,200.00. Insiders have purchased a total of 110,000 shares of company stock worth $186,500 over the last 90 days. 7.64% of the stock is currently owned by corporate 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.