JOY (TSE:JOY) Shares Up 4.4% – Here’s Why

JOY Co., Ltd. (TSE:JOY)’s share price was up 4.4% on Wednesday . The stock traded as high as C$4.31 and last traded at C$4.23. 140,736 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 335,114 shares. The stock had previously closed at C$4.05.

JOY Stock Up 4.0%

The stock’s fifty day simple moving average is C$4.81 and its 200-day simple moving average is C$4.73. The stock has a market cap of C$296.92 million, a P/E ratio of 25.88, a P/E/G ratio of 0.01 and a beta of 0.82. The company has a debt-to-equity ratio of 14.84, a quick ratio of 0.95 and a current ratio of 0.52.

JOY (TSE:JOY) last announced its earnings results on Thursday, May 7th. The company reported C($0.09) EPS for the quarter. The business had revenue of C$31.46 million for the quarter. JOY had a return on equity of 3.55% and a net margin of 7.12%. As a group, research analysts forecast that JOY Co., Ltd. will post 0.2601215 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JOY news, Director Tom Macinnis bought 21,250 shares of JOY stock in a transaction on Friday, June 19th. The shares were purchased at an average price of C$4.69 per share, with a total value of C$99,662.50. Following the acquisition, the director owned 21,250 shares in the company, valued at C$99,662.50. This trade represents a ∞ increase in their position. Also, insider Gerald Gilewicz sold 20,000 shares of JOY stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$6.50, for a total value of C$130,000.00. Following the completion of the transaction, the insider owned 149,614 shares in the company, valued at approximately C$972,491. The trade was a 11.79% decrease in their position. Insiders sold a total of 330,000 shares of company stock valued at $2,135,250 over the last three months. 7.64% of the stock is owned by corporate insiders.

JOY Company Profile

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.