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Journey Energy (TSE:JOY) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Journey Energy logo with Energy background

Journey Energy Inc. (TSE:JOY - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$3.04 and traded as low as C$2.46. Journey Energy shares last traded at C$2.52, with a volume of 41,771 shares.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded Journey Energy to a "strong-buy" rating in a report on Tuesday, August 6th.

View Our Latest Report on Journey Energy

Journey Energy Stock Up 2.0 %

The company has a market cap of C$157.67 million, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 0.01 and a beta of 3.43. The company has a debt-to-equity ratio of 20.04, a quick ratio of 0.95 and a current ratio of 0.68. The business's fifty day moving average is C$2.51 and its two-hundred day moving average is C$3.04.

Journey Energy (TSE:JOY - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C($0.04) EPS for the quarter. The company had revenue of C$50.53 million for the quarter. Journey Energy had a return on equity of 3.85% and a net margin of 6.72%. Equities analysts predict that Journey Energy Inc. will post 0.2599784 EPS for the current year.

Journey Energy Company Profile

(Get Free Report)

Journey Energy Inc is involved in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012. Journey Energy Inc was founded in 2007 and is headquartered in Calgary, Canada.

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