Jadestone Energy (LON:JSE) Shares Up 1.9% – Should You Buy?

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

Jadestone Energy Trading Up 1.9 %

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

Insider Transactions at Jadestone Energy

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

Jadestone Energy Company Profile

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.