Jadestone Energy (LON:JSE) Sets New 52-Week Low – Here’s Why

Jadestone Energy plc (LON:JSE)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 23 ($0.30) and last traded at GBX 23.50 ($0.30), with a volume of 305181 shares trading hands. The stock had previously closed at GBX 24 ($0.31).

Jadestone Energy Trading Down 10.0 %

The stock has a fifty day moving average price of GBX 26.05 and a 200 day moving average price of GBX 25.91. The stock has a market cap of £143.42 million, a PE ratio of -2.68 and a beta of 1.43. The company has a debt-to-equity ratio of 348.59, a quick ratio of 2.08 and a current ratio of 1.14.

Insider Buying and Selling at Jadestone Energy

In related news, insider Adel Chaouch purchased 309,000 shares of Jadestone Energy stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average price of GBX 2,475 ($31.93) per share, with a total value of £7,647,750 ($9,865,518.58). Also, insider John Mendelson acquired 83,467 shares of the stock in a transaction on Wednesday, March 19th. The stock was bought at an average cost of GBX 2,390 ($30.83) per share, with a total value of £1,994,861.30 ($2,573,350.49). Insiders have bought 1,288,967 shares of company stock worth $988,466,630 over the last quarter. Insiders own 1.45% of the company’s stock.

About Jadestone Energy

Jadestone Energy is a leading upstream oil and gas company in the Asia Pacific region, with a focus on production and near-term development assets.