Journey Energy Inc (TSE:JOY) shares shot up 7.6% on Monday . The stock traded as high as C$2.12 and last traded at C$2.12. 48,084 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 54,524 shares. The stock had previously closed at C$1.97.

Separately, AltaCorp Capital lowered shares of Journey Energy from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 11th.

The firm’s 50-day moving average is $1.93 and its 200-day moving average is $2.08. The company has a market cap of $101.81 million and a PE ratio of 1.16.

In other Journey Energy news, Director Howard James Crone acquired 200,000 shares of the stock in a transaction dated Wednesday, September 27th. The shares were bought at an average cost of C$1.70 per share, for a total transaction of C$340,000.00. Also, Director Ryan Shay acquired 175,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average price of C$1.75 per share, for a total transaction of C$306,250.00.

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About Journey Energy

Journey Energy Inc (Journey) is a Canada-based exploration and production company. The Company is engaged in the exploration, development and production of oil and natural gas in the Western Canada Sedimentary Basin. The Company is focused on conventional, oil-weighted operations in western Canada. Journey’s Central Region is located west of Edmonton.

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