Journey Energy Inc (JOY) Trading Down 4.4%

Journey Energy Inc (TSE:JOY)’s share price traded down 4.4% on Wednesday . The company traded as low as C$2.12 and last traded at C$2.15. 2,850 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 53,141 shares. The stock had previously closed at C$2.25.

Separately, AltaCorp Capital lowered Journey Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 11th.

The firm has a market cap of $109.44 million and a price-to-earnings ratio of 1.24. The firm has a 50-day moving average price of $1.87 and a 200 day moving average price of $2.15.

In other news, Director Howard James Crone bought 200,000 shares of Journey Energy stock in a transaction dated Wednesday, September 27th. The shares were purchased at an average cost of C$1.70 per share, with a total value of C$340,000.00. Also, Director Ryan Shay bought 175,000 shares of Journey Energy stock in a transaction dated Tuesday, September 12th. The stock was purchased at an average cost of C$1.75 per share, for a total transaction of C$306,250.00.

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Journey Energy Company Profile

Journey Energy Inc (Journey) is a Canada-based exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas in the Western Canada Sedimentary Basin. The Company is focused on conventional, oil-weighted operations in western Canada. Journey’s Central Region is located west of Edmonton.

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