Journey Energy (TSE:JOY) Shares Pass Below 200 Day Moving Average of $5.47

Journey Energy Inc. (TSE:JOY – Get Rating) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$5.47 and traded as low as C$5.11. Journey Energy shares last traded at C$5.43, with a volume of 345,214 shares traded.

Wall Street Analyst Weigh In

JOY has been the subject of a number of analyst reports. Stifel Firstegy reaffirmed a “buy” rating on shares of Journey Energy in a research report on Thursday, January 12th. Stifel Nicolaus lifted their price target on Journey Energy from C$7.00 to C$7.60 in a research report on Monday, January 23rd.

Journey Energy Stock Up 5.4 %

The company has a market cap of C$314.29 million, a P/E ratio of 5.22, a P/E/G ratio of 0.01 and a beta of 3.56. The company’s 50-day moving average is C$5.34 and its two-hundred day moving average is C$5.47. The company has a debt-to-equity ratio of 38.77, a current ratio of 0.49 and a quick ratio of 0.95.

About Journey Energy

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Journey Energy Inc engages 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.