Jadestone Energy (LON:JSE) Shares Up 1.9% – Here’s What Happened

Jadestone Energy plc (LON:JSE)’s share price was up 1.9% on Thursday . The stock traded as high as GBX 26.90 ($0.35) and last traded at GBX 26.75 ($0.35). Approximately 374,691 shares changed hands during trading, a decline of 56% from the average daily volume of 859,814 shares. The stock had previously closed at GBX 26.25 ($0.34).

Jadestone Energy Stock Up 1.9 %

The company has a current ratio of 1.21, a quick ratio of 2.08 and a debt-to-equity ratio of 2,338.94. The firm has a market capitalization of £144.67 million, a P/E ratio of -334.38 and a beta of 1.43. The stock’s 50-day simple moving average is GBX 28.83 and its 200-day simple moving average is GBX 30.02.

Insider Transactions at Jadestone Energy

In other Jadestone Energy news, insider Alexander Paul Blakeley purchased 511,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was bought at an average cost of GBX 29 ($0.38) per share, with a total value of £148,190 ($192,404.57). Company insiders own 1.45% of the company’s stock.

About Jadestone Energy

Jadestone Energy plc operates as an independent oil and gas development and production company in the Asia Pacific region. The company holds 100% operated working interests in the Stag oilfield and Montara project located in offshore Western Australia; and Block 46/07 and Block 51 PSCs located in the Malay Basin, offshore southwest Vietnam.