JOY (TSE:JOY) Trading 4.8% Higher – Here’s What Happened

JOY Co., Ltd. (TSE:JOY)’s share price traded up 4.8% on Tuesday . The stock traded as high as C$5.34 and last traded at C$5.26. 105,638 shares were traded during mid-day trading, a decline of 54% from the average session volume of 231,510 shares. The stock had previously closed at C$5.02.

JOY Price Performance

The company has a current ratio of 0.65, a quick ratio of 0.95 and a debt-to-equity ratio of 14.32. The company’s fifty day moving average is C$4.41 and its two-hundred day moving average is C$3.81. The stock has a market cap of C$352.93 million, a price-to-earnings ratio of 13.76, a P/E/G ratio of 0.01 and a beta of 0.58.

JOY (TSE:JOY) last posted its earnings results on Wednesday, March 11th. The company reported C$0.14 earnings per share for the quarter. JOY had a net margin of 13.26% and a return on equity of 7.54%. The firm had revenue of C$41.84 million during the quarter. As a group, research analysts predict that JOY Co., Ltd. will post 0.2601215 earnings per share for the current year.

Insider Activity at JOY

In related news, insider Ryan Yates sold 26,581 shares of JOY stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of C$5.76, for a total value of C$153,106.56. Following the completion of the sale, the insider owned 49,798 shares in the company, valued at approximately C$286,836.48. This trade represents a 34.80% decrease in their position. Also, insider Guido De Ciancio sold 10,000 shares of JOY stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of C$5.49, for a total transaction of C$54,900.00. Following the completion of the sale, the insider owned 143,874 shares of the company’s stock, valued at C$789,868.26. This trade represents a 6.50% decrease in their position. In the last quarter, insiders sold 92,081 shares of company stock worth $509,417. Insiders own 7.64% of the company’s stock.

About JOY

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.