Jadestone Energy (LON:JSE) Shares Up 0.2% - Should You Buy?

Key Points

• Jadestone Energy's share price increased by 0.2%, trading at GBX 19.54 ($0.26), with a notable trading volume up by 16% from the average.
• The company has a market cap of £105.71 million and an exceptionally high debt-to-equity ratio of 348.59, indicating significant financial leverage.
• Insider Gunter Waldner purchased nearly 4.9 million shares recently, contributing to a total acquisition of over 10 million shares worth around $202.5 million in the past 90 days, representing strong insider confidence.

Jadestone Energy plc (LON:JSE - Get Free Report) shares traded up 0.2% during trading on Wednesday . The company traded as high as GBX 19.75 ($0.27) and last traded at GBX 19.54 ($0.26). 1,514,251 shares traded hands during trading, an increase of 16% from the average session volume of 1,304,801 shares. The stock had previously closed at GBX 19.50 ($0.26).

Jadestone Energy Price Performance

The company has a debt-to-equity ratio of 348.59, a current ratio of 1.14 and a quick ratio of 2.08. The company has a market capitalization of £101.46 million, a price-to-earnings ratio of -234.38 and a beta of 1.43. The business has a fifty day moving average price of GBX 20.09 and a 200 day moving average price of GBX 21.29.

Insider Transactions at Jadestone Energy

In related news, insider Gunter Waldner purchased 4,894,444 shares of the business's stock in a transaction on Monday, July 21st. The shares were bought at an average price of GBX 19 per share, for a total transaction of £929,944.36. Over the last quarter, insiders bought 10,192,369 shares of company stock worth $202,543,899. 35.50% of the stock is currently owned by corporate insiders.

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.