JOY (TSE:JOY) Shares Up 4.4% – What’s Next?

JOY Co., Ltd. (TSE:JOY – Get Free Report) shares shot up 4.4% on Wednesday . The stock traded as high as C$4.31 and last traded at C$4.23. Approximately 140,736 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 335,114 shares. The stock had previously closed at C$4.05.

JOY Stock Up 4.9%

The stock has a fifty day moving average of C$4.88 and a two-hundred day moving average of C$4.71. The company has a quick ratio of 0.95, a current ratio of 0.52 and a debt-to-equity ratio of 14.84. The stock has a market cap of C$286.79 million, a price-to-earnings ratio of 25.00, a PEG ratio of 0.01 and a beta of 0.82.

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JOY (TSE:JOY – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported C($0.09) EPS for the quarter. The firm had revenue of C$31.46 million for the quarter. JOY had a return on equity of 3.55% and a net margin of 7.12%. As a group, analysts predict that JOY Co., Ltd. will post 0.2601215 EPS for the current fiscal year.

Insider Buying and Selling at JOY

In related news, Director Craig Henry Hansen sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$6.38, for a total transaction of C$319,000.00. Following the completion of the sale, the director owned 267,396 shares of the company’s stock, valued at approximately C$1,705,986.48. This represents a 15.75% decrease in their position. Also, insider Brett Boklaschuk sold 25,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of C$6.51, for a total transaction of C$162,750.00. Following the sale, the insider directly owned 236,877 shares of the company’s stock, valued at approximately C$1,542,069.27. This trade represents a 9.55% decrease in their position. In the last ninety days, insiders have sold 330,000 shares of company stock worth $2,135,250. Company insiders own 7.64% of the company’s stock.

JOY Company Profile

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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.

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