JOY (TSE:JOY) Announces Earnings Results

JOY (TSE:JOY) released its earnings results on Monday. The company reported C$0.24 EPS for the quarter, FiscalAI reports. The company had revenue of C$39.59 million during the quarter. JOY had a net margin of 15.09% and a return on equity of 7.55%.

JOY Stock Performance

TSE JOY opened at C$4.64 on Wednesday. The company has a fifty day simple moving average of C$5.45 and a two-hundred day simple moving average of C$5.05. The stock has a market cap of C$313.11 million, a P/E ratio of 12.21, a P/E/G ratio of 0.01 and a beta of 0.95. JOY has a 12-month low of C$3.03 and a 12-month high of C$6.81. The company has a current ratio of 0.58, a quick ratio of 0.95 and a debt-to-equity ratio of 12.34.

Insider Activity at JOY

In related news, insider Gerald Gilewicz acquired 30,000 shares of the stock in a transaction dated Tuesday, October 13th. The stock was acquired at an average cost of C$5.64 per share, for a total transaction of C$169,200.00. Following the completion of the purchase, the insider owned 444,875 shares of the company’s stock, valued at approximately C$2,509,095. This represents a 7.23% increase in their position. Insiders own 7.64% of the company’s stock.

About JOY

Journey is a Canadian exploration and production company focused on oil-weighted operations in Alberta, Canada. Journey’s strategy is to grow its production base by drilling on its existing core lands, implementing secondary and tertiary flood projects on its existing lands, and by executing on accretive acquisitions. The Company continues to shift its focus to the development of its unconventional Duvernay light oil resource play. In addition, Journey is continuing with its plans to grow its power generation business through its projects at Gilby and Mazeppa.