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

Jadestone Energy plc (LON:JSE)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 20 ($0.26) and last traded at GBX 20.25 ($0.27), with a volume of 620703 shares trading hands. The stock had previously closed at GBX 22 ($0.29).

Jadestone Energy Stock Performance

The company has a quick ratio of 2.08, a current ratio of 1.14 and a debt-to-equity ratio of 348.59. The stock has a fifty day moving average price of GBX 25.37 and a 200-day moving average price of GBX 25.59. The firm has a market cap of £135.56 million, a price-to-earnings ratio of -2.54 and a beta of 1.43.

Insider Buying and Selling at Jadestone Energy

In other news, insider John Mendelson acquired 83,467 shares of Jadestone Energy stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average price of GBX 2,390 ($31.28) per share, for a total transaction of £1,994,861.30 ($2,611,075.00). Also, insider Gunter Waldner acquired 896,500 shares of the stock in a transaction on Thursday, February 6th. The stock was acquired at an average cost of GBX 27 ($0.35) per share, for a total transaction of £242,055 ($316,825.92). In the last three months, insiders have bought 1,288,967 shares of company stock valued at $988,466,630. 1.45% of the stock is owned by company insiders.

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.