Journey Energy (TSE:JOY) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Journey Energy Inc. reported a decrease in second-quarter sales revenue by 6% and a significant net loss compared to the previous year, alongside generating $9.5 million in adjusted funds flow. The energy firm is progressing with a power generation project and has entered a joint venture to develop oil and gas assets, which will be funded through cash flow and recent financing.
For further insights into TSE:JOY stock, check out TipRanks’ Stock Analysis page.