Jadestone Energy (LON:JSE) Stock Price Up 1.3% - What's Next?

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.

Shares of Jadestone Energy plc (LON:JSE - Get Free Report) shot up 1.3% during trading on Wednesday . The company traded as high as GBX 20.20 ($0.27) and last traded at GBX 20 ($0.27). 479,188 shares traded hands during mid-day 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 Price Performance

The stock has a market capitalization of £132.17 million, a PE ratio of -2.47 and a beta of 1.43. The firm's fifty day moving average price is GBX 20.87 and its two-hundred day moving average price is GBX 22.20. The company has a quick ratio of 2.08, a current ratio of 1.14 and a debt-to-equity ratio of 348.59.

Insiders Place Their Bets

In other Jadestone Energy news, insider Gunter Waldner bought 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 ($0.26) per share, for a total transaction of £929,944.36 ($1,261,112.50). In the last ninety days, insiders have acquired 10,192,369 shares of company stock worth $202,543,899. 1.45% of the stock is currently owned by 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.