JOY (TSE:JOY) Stock Price Passes Above 50-Day Moving Average – Here’s Why

JOY Co., Ltd. (TSE:JOY)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$3.47 and traded as high as C$3.48. JOY shares last traded at C$3.45, with a volume of 99,726 shares trading hands.

JOY Price Performance

The firm has a market capitalization of C$231.52 million, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.01 and a beta of 0.80. The company’s 50 day moving average is C$3.47 and its 200 day moving average is C$3.15. The company has a quick ratio of 0.95, a current ratio of 0.65 and a debt-to-equity ratio of 19.07.

JOY (TSE:JOY) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.06 earnings per share for the quarter. JOY had a net margin of 2.87% and a return on equity of 1.55%. The business had revenue of C$43.63 million during the quarter. On average, equities research analysts anticipate that JOY Co., Ltd. will post 0.2601215 earnings per share for the current fiscal year.

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.