Journey Energy Inc. (OTCMKTS:JRNGF – Get Free Report) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 1,408,766 shares, a growth of 67.8% from the April 30th total of 839,393 shares. Based on an average daily volume of 478,911 shares, the days-to-cover ratio is presently 2.9 days.
Journey Energy Stock Performance
Shares of Journey Energy stock opened at $4.36 on Thursday. Journey Energy has a 12-month low of $1.29 and a 12-month high of $4.99. The firm’s 50 day simple moving average is $4.10 and its two-hundred day simple moving average is $3.21.
About Journey Energy
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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