Jadestone Energy (LON:JSE) Reaches New 12-Month Low – Should You Sell?

Jadestone Energy plc (LON:JSE) hit a new 52-week low on Thursday . The company traded as low as GBX 23 ($0.30) and last traded at GBX 23.50 ($0.31), with a volume of 305181 shares traded. The stock had previously closed at GBX 24 ($0.31).

Jadestone Energy Stock Down 2.1 %

The stock has a market cap of £159.28 million, a P/E ratio of -2.98 and a beta of 1.43. The firm has a 50 day simple moving average of GBX 26.22 and a 200-day simple moving average of GBX 25.99. The company has a quick ratio of 2.08, a current ratio of 1.14 and a debt-to-equity ratio of 348.59.

Insider Activity at Jadestone Energy

In other news, insider Adel Chaouch acquired 309,000 shares of Jadestone Energy stock in a transaction dated Monday, March 24th. The stock was bought at an average price of GBX 2,475 ($32.14) per share, for a total transaction of £7,647,750 ($9,930,853.14). Also, insider John Mendelson purchased 83,467 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of GBX 2,390 ($31.03) per share, with a total value of £1,994,861.30 ($2,590,392.55). In the last quarter, insiders have acquired 1,288,967 shares of company stock worth $988,466,630. Company insiders own 1.45% 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.