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

JOY Co., Ltd. (TSE:JOY) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.41 and traded as high as C$3.71. JOY shares last traded at C$3.59, with a volume of 195,545 shares traded.

JOY Trading Up 2.3%

The business has a 50 day simple moving average of C$3.41 and a 200 day simple moving average of C$3.20. The company has a debt-to-equity ratio of 19.07, a current ratio of 0.65 and a quick ratio of 0.95. The company has a market cap of C$240.91 million, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 0.01 and a beta of 0.80.

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