Jadestone Energy (LON:JSE) Hits New 52-Week Low - Here's Why

Jadestone Energy plc (LON:JSE - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 18 ($0.24) and last traded at GBX 18.98 ($0.26), with a volume of 25563293 shares. The stock had previously closed at GBX 19.50 ($0.26).

Jadestone Energy Trading Up 0.5%

The business has a 50 day simple moving average of GBX 20.60 and a two-hundred day simple moving average of GBX 22.90. The stock has a market cap of £131.15 million, a price-to-earnings ratio of -2.45 and a beta of 1.43. The company has a current ratio of 1.14, a quick ratio of 2.08 and a debt-to-equity ratio of 348.59.

Insider Activity

In related news, insider Gunter Waldner acquired 4,444,444 shares of the stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of GBX 21 ($0.28) per share, with a total value of £933,333.24 ($1,258,200.65). Over the last 90 days, insiders have purchased 5,297,925 shares of company stock valued at $109,549,463. 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.