Jadestone Energy (LON:JSE) Trading Up 1% – Here’s What Happened

Shares of Jadestone Energy plc (LON:JSE) rose 1% on Wednesday . The company traded as high as GBX 25.45 ($0.32) and last traded at GBX 25.25 ($0.32). Approximately 156,041 shares traded hands during trading, a decline of 81% from the average daily volume of 842,012 shares. The stock had previously closed at GBX 25 ($0.32).

Jadestone Energy Trading Up 1.1 %

The company has a debt-to-equity ratio of 2,338.94, a quick ratio of 2.08 and a current ratio of 1.21. The stock has a market cap of £143.32 million, a P/E ratio of -327.50 and a beta of 1.43. The company has a 50-day simple moving average of GBX 26.13 and a 200-day simple moving average of GBX 29.17.

Insider Activity

In related news, insider Alexander Paul Blakeley purchased 511,000 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were acquired at an average cost of GBX 29 ($0.37) per share, with a total value of £148,190 ($189,090.21). 1.45% of the stock is currently owned by corporate insiders.

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.