Journey Energy (OTCMKTS:JRNGF) Trading 3% Higher – Still a Buy?

Journey Energy Inc. (OTCMKTS:JRNGF) shares were up 3% on Wednesday . The stock traded as high as $2.6258 and last traded at $2.6258. Approximately 50,430 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 53,105 shares. The stock had previously closed at $2.55.

Journey Energy Trading Up 3.0%

The firm has a fifty day simple moving average of $2.43 and a 200 day simple moving average of $2.36.

Journey Energy Company Profile

Journey Energy Inc (OTCMKTS:JRNGF) is an upstream oil and gas company headquartered in Calgary, Alberta. The company is primarily engaged in the exploration, development and production of natural gas, light crude oil and natural gas liquids in Western Canada. Through its portfolio of assets, Journey Energy focuses on value-driven growth by applying modern drilling and completion techniques to both conventional and unconventional reservoirs.

Journey Energy’s operations are concentrated in key resource plays such as the Montney and Duvernay formations in northeastern British Columbia and Alberta, as well as the Mannville and Cardium intervals in Alberta and Saskatchewan.