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

Shares of Journey Energy Inc. (TSE:JOY) reached a new 52-week low on Monday . The stock traded as low as C$1.36 and last traded at C$1.46, with a volume of 148006 shares trading hands. The stock had previously closed at C$1.52.

Journey Energy Trading Down 3.3 %

The company has a quick ratio of 0.95, a current ratio of 0.65 and a debt-to-equity ratio of 19.07. The stock’s 50 day moving average is C$1.77 and its two-hundred day moving average is C$2.04. The company has a market capitalization of C$97.65 million, a PE ratio of 18.01, a price-to-earnings-growth ratio of 0.01 and a beta of 3.41.

Insider Activity

In related news, Director Alexander G. Verge purchased 90,000 shares of the business’s stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of C$1.68 per share, for a total transaction of C$151,200.00. In the last quarter, insiders acquired 110,000 shares of company stock worth $186,500. 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.