Jadestone Energy (LON:JSE) Shares Up 0.3% - Still a Buy?

Key Points

• Jadestone Energy's stock price increased by 0.3% during mid-day trading, closing at GBX 18.26 ($0.24) after hitting a high of GBX 19 ($0.25).
• Insider activity includes the acquisition of 4,894,444 shares by Gunter Waldner at an average cost of GBX 19, totaling nearly £930,000.
• The company has a market capitalization of £98.81 million and a P/E ratio of -228.25, indicating challenges in profitability.

Jadestone Energy plc (LON:JSE - )'s stock price shot up 0.3% during mid-day trading on Thursday . The company traded as high as GBX 19 ($0.25) and last traded at GBX 18.26 ($0.24). 2,007,877 shares traded hands during trading, an increase of 34% from the average session volume of 1,493,040 shares. The stock had previously closed at GBX 18.20 ($0.24).

Jadestone Energy Trading Up 0.3%

The stock has a 50 day moving average of GBX 19.54 and a 200-day moving average of GBX 20.52. The company has a market capitalization of £98.81 million, a P/E ratio of -228.25 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 4,894,444 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average cost of GBX 19 per share, for a total transaction of £929,944.36. In the last ninety days, insiders purchased 5,747,925 shares of company stock worth $109,210,575. Insiders own 35.50% of the company's stock.

Jadestone Energy Company Profile

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.

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