JOY (TSE:JOY) Stock Passes Below 200 Day Moving Average – Here’s What Happened

JOY Co., Ltd. (TSE:JOY)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.53 and traded as low as C$4.45. JOY shares last traded at C$4.66, with a volume of 463,003 shares.

Trending Headlines about JOY

Here are the key news stories impacting JOY this week:

• Neutral Sentiment: No meaningful JOY Co., Ltd.-specific catalyst appears in the latest articles; most headlines are about actress Anya Taylor-Joy, Joy Behar, or general “joy” references, so they are unlikely to explain the stock’s move. Article Title
• Neutral Sentiment: Another headline about Anya Taylor-Joy discussing her work on “Furiosa” is unrelated to JOY Co., Ltd.’s operations and should have little to no impact on the stock. Article Title
• Neutral Sentiment: Anya Taylor-Joy’s casting in “The Lord of the Rings: The Hunt for Gollum” is entertainment news only and does not appear tied to JOY Co., Ltd.’s business performance. Article Title
• Neutral Sentiment: Mentions of Joy Behar and “The View” are unrelated to the company and are not likely to influence investor sentiment for JOY Co., Ltd. Article Title

JOY Price Performance

The company’s 50 day simple moving average is C$5.61 and its 200 day simple moving average is C$4.53. The company has a debt-to-equity ratio of 14.73, a current ratio of 0.52 and a quick ratio of 0.95. The stock has a market cap of C$314.46 million, a P/E ratio of 27.41, a P/E/G ratio of 0.01 and a beta of 0.73.

JOY (TSE:JOY) last announced its quarterly earnings results on Thursday, May 7th. The company reported C($0.09) earnings per share for the quarter. The firm 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, equities analysts forecast that JOY Co., Ltd. will post 0.2601215 earnings per share for the current year.

Insider Buying and Selling at JOY

In other JOY news, Director Craig Henry Hansen sold 50,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$6.38, for a total value of C$319,000.00. Following the completion of the sale, the director directly owned 267,396 shares in the company, valued at C$1,705,986.48. This represents a 15.75% decrease in their ownership of the stock. Also, insider Gerald Gilewicz sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$6.50, for a total value of C$130,000.00. Following the sale, the insider directly owned 129,614 shares in the company, valued at approximately C$842,491. This represents a 13.37% decrease in their position. Insiders have sold a total of 366,581 shares of company stock worth $2,343,257 in the last three months. 7.64% of the stock is owned by 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.