JOY (TSE:JOY) Announces Quarterly Earnings Results

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

JOY Stock Performance

JOY stock traded down C$0.06 during midday trading on Monday, reaching C$4.64. 309,304 shares of the company were exchanged, compared to its average volume of 351,134. The company has a debt-to-equity ratio of 12.34, a current ratio of 0.58 and a quick ratio of 0.95. The business has a 50-day moving average price of C$5.50 and a two-hundred day moving average price of C$5.04. JOY has a one year low of C$3.03 and a one year high of C$6.81. The firm has a market capitalization of C$313.11 million, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 0.01 and a beta of 0.95.

Insider Buying and Selling at JOY

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

Key Headlines Impacting JOY

Here are the key news stories impacting JOY this week:

• Neutral Sentiment: The earnings figures offer a snapshot of profitability, but without estimates or year-over-year comparisons, the news alone gives investors limited evidence for the stock’s recent weakness.

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.