Journey Energy Inc. (OTCMKTS:JRNGF – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 1,408,766 shares, an increase of 67.8% from the April 30th total of 839,393 shares. Based on an average daily volume of 478,911 shares, the short-interest ratio is presently 2.9 days.
Journey Energy Stock Performance
Shares of JRNGF stock traded up $0.06 on Wednesday, reaching $4.42. 51,322 shares of the stock were exchanged, compared to its average volume of 122,420. The business’s 50 day moving average price is $4.08 and its 200 day moving average price is $3.19. Journey Energy has a twelve month low of $1.29 and a twelve month high of $4.99.
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.
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