JOY (TSE:JOY) Announces Quarterly Earnings Results

JOY (TSE:JOY) announced its quarterly earnings results on Monday. The company reported C$0.24 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$39.59 million during the quarter. JOY had a net margin of 15.09% and a return on equity of 7.55%.

JOY Trading Down 1.3%

JOY opened at C$4.64 on Tuesday. The firm’s 50 day moving average is C$5.48 and its 200-day moving average is C$5.04. The firm has a market capitalization of C$313.11 million, a P/E ratio of 12.21, a P/E/G ratio of 0.01 and a beta of 0.95. JOY has a 52-week low of C$3.03 and a 52-week high of C$6.81. The company has a quick ratio of 0.95, a current ratio of 0.58 and a debt-to-equity ratio of 12.34.

Key Headlines Impacting JOY

Here are the key news stories impacting JOY this week:

• Neutral Sentiment: The earnings figures offer a snapshot of profitability, but without estimates or year-over-year comparisons, the news alone gives investors limited evidence for the stock’s recent weakness.

Insider Buying and Selling at JOY

In other JOY news, insider Gerald Gilewicz bought 30,000 shares of the business’s stock in a transaction on Tuesday, October 13th. The shares were bought at an average cost of C$5.64 per share, with a total value of C$169,200.00. Following the transaction, the insider directly owned 444,875 shares in the company, valued at approximately C$2,509,095. This trade represents a 7.23% increase in their position. 7.64% of the stock is owned by corporate insiders.

About JOY

Journey is a Canadian exploration and production company focused on oil-weighted operations in Alberta, Canada. Journey’s strategy is to grow its production base by drilling on its existing core lands, implementing secondary and tertiary flood projects on its existing lands, and by executing on accretive acquisitions. The Company continues to shift its focus to the development of its unconventional Duvernay light oil resource play. In addition, Journey is continuing with its plans to grow its power generation business through its projects at Gilby and Mazeppa.