Jadestone Energy (LON:JSE) Trading 1.3% Higher - Time to Buy?

Key Points

• Jadestone Energy shares rose by 1.3%, trading at GBX 20 ($0.27), although trading volume decreased by 62% compared to its average.
• Insider Gunter Waldner purchased nearly 4.9 million shares at GBX 19 each, contributing to total insider purchases of over 10 million shares worth approximately $202.5 million in the last ninety days.
• Jadestone Energy is a significant player in the oil and gas sector, focusing on production and development assets in the Asia Pacific region.

Jadestone Energy plc (LON:JSE - ) traded up 1.3% on Wednesday . The company traded as high as GBX 20.20 ($0.27) and last traded at GBX 20 ($0.27). 479,188 shares were traded during trading, a decline of 62% from the average session volume of 1,245,901 shares. The stock had previously closed at GBX 19.75 ($0.27).

Jadestone Energy Trading Up 1.3%

The business has a 50 day simple moving average of GBX 20.89 and a two-hundred day simple moving average of GBX 22.33. The company has a current ratio of 1.14, a quick ratio of 2.08 and a debt-to-equity ratio of 348.59. The stock has a market cap of £135.56 million, a price-to-earnings ratio of -2.54 and a beta of 1.43.

Insiders Place Their Bets

In other news, insider Gunter Waldner bought 4,894,444 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was bought at an average price of GBX 19 ($0.26) per share, for a total transaction of £929,944.36 ($1,262,825.04). In the last ninety days, insiders purchased 10,192,369 shares of company stock worth $202,543,899. 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.

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