Jadestone Energy (LON:JSE) Stock Price Down 2.9% - Here's Why

Jadestone Energy plc (LON:JSE - Get Free Report)'s share price dropped 2.9% on Monday . The company traded as low as GBX 20.17 ($0.27) and last traded at GBX 20.40 ($0.28). Approximately 2,931,974 shares were traded during trading, an increase of 174% from the average daily volume of 1,071,903 shares. The stock had previously closed at GBX 21 ($0.29).

Jadestone Energy Stock Performance

The business has a fifty day simple moving average of GBX 20.55 and a two-hundred day simple moving average of GBX 23.12. The company has a market cap of £137.46 million, a PE ratio of -2.57 and a beta of 1.43. The company has a debt-to-equity ratio of 348.59, a current ratio of 1.14 and a quick ratio of 2.08.

Insiders Place Their Bets

In other news, insider Gunter Waldner purchased 4,444,444 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was acquired at an average cost of GBX 21 ($0.29) per share, with a total value of £933,333.24 ($1,267,943.54). 1.45% of the stock is currently owned by 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.