The stock of Journey Energy Inc (TSE:JOY) hit a new 52-week high and has $2.67 target or 6.00% above today’s $2.52 share price. The 6 months bullish chart indicates low risk for the $118.68 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $2.67 price target is reached, the company will be worth $7.12 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 10,375 shares traded hands. Journey Energy Inc (TSE:JOY) has risen 20.87% since April 27, 2016 and is uptrending. It has outperformed by 14.95% the S&P500.
Another recent and important Journey Energy Inc (TSE:JOY) news was published by Prnewswire.com which published an article titled: “AIMCo Announces Investment in Journey Energy Inc.” on October 07, 2016.
Journey Energy Inc is a Canada exploration and production company. The company has a market cap of $118.68 million. The Firm is engaged in the exploration, development and production of oil and natural gas in the Western Canada Sedimentary Basin. It has a 2.65 P/E ratio. The Firm is focused on conventional, oil-weighted activities in western Canada.
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