Journey Energy (TSE:JOY) Shares Pass Above 50-Day Moving Average of $2.28

Journey Energy Inc (TSE:JOY) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.28 and traded as high as $2.21. Journey Energy shares last traded at $2.21, with a volume of 18,900 shares.

Separately, GMP Securities increased their price target on shares of Journey Energy from C$2.75 to C$3.00 in a report on Friday, June 28th.

The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 305.48. The stock’s 50-day simple moving average is C$2.28 and its two-hundred day simple moving average is C$2.37. The company has a market capitalization of $88.73 million and a price-to-earnings ratio of -2.64.

Journey Energy Company Profile (TSE:JOY)

Journey Energy Inc engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Its principal cash generating units comprise Matziwin, Skiff, and Gilby Duvernay properties. The company was formerly known as Sword Energy Inc and changed its name to Journey Energy Inc in July 2012.

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