JOY (TSE:JOY) Posts Earnings Results

JOY (TSE:JOY) posted its quarterly earnings results on Thursday. The company reported C$0.26 earnings per share for the quarter, FiscalAI reports. JOY had a return on equity of 3.55% and a net margin of 7.12%.The business had revenue of C$55.38 million for the quarter.

JOY Stock Performance

Shares of TSE JOY traded up C$0.13 during mid-day trading on Thursday, reaching C$4.29. 157,139 shares of the company were exchanged, compared to its average volume of 332,212. JOY has a twelve month low of C$2.40 and a twelve month high of C$6.81. The company’s 50-day simple moving average is C$4.67 and its 200-day simple moving average is C$4.77. The company has a quick ratio of 0.95, a current ratio of 0.52 and a debt-to-equity ratio of 14.84. The stock has a market capitalization of C$289.49 million, a P/E ratio of 25.24, a P/E/G ratio of 0.01 and a beta of 0.80.

Insider Activity at JOY

In related news, Director Craig Henry Hansen sold 50,000 shares of JOY stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$6.38, for a total transaction of C$319,000.00. Following the completion of the sale, the director directly owned 267,396 shares of the company’s stock, valued at approximately C$1,705,986.48. This trade represents a 15.75% decrease in their position. Also, Director Alexander G. Verge sold 200,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$6.48, for a total value of C$1,296,000.00. Following the completion of the sale, the director owned 268,900 shares of the company’s stock, valued at C$1,742,472. This trade represents a 42.65% decrease in their ownership of the stock. Insiders have sold 330,000 shares of company stock valued at $2,135,250 in the last 90 days. Corporate insiders own 7.64% of the company’s stock.

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.