Jadestone Energy plc (LON:JSE) Increases Dividend to $0.01 Per Share

Jadestone Energy plc (LON:JSE) announced a dividend on Friday, June 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 17th will be given a dividend of $0.01 per share on Wednesday, June 30th. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 17th. This is a positive change from Jadestone Energy’s previous dividend of $0.0054. The official announcement can be accessed at this link.

LON JSE opened at GBX 68.89 ($0.90) on Friday. The company has a market cap of £319.42 million and a PE ratio of -7.52. Jadestone Energy has a one year low of GBX 44 ($0.57) and a one year high of GBX 81 ($1.06). The company has a quick ratio of 1.38, a current ratio of 2.27 and a debt-to-equity ratio of 20.59. The business’s fifty day simple moving average is GBX 66.57.

Separately, Berenberg Bank lowered their target price on Jadestone Energy from GBX 100 ($1.31) to GBX 75 ($0.98) and set a “buy” rating on the stock in a research note on Thursday, April 22nd.

In related news, insider Robert Lambert sold 400,000 shares of the business’s stock in a transaction dated Thursday, May 27th. The stock was sold at an average price of GBX 71 ($0.93), for a total value of £284,000 ($371,047.82).

Jadestone Energy Company Profile

Jadestone Energy plc operates as an independent oil and gas development and production company in the Asia Pacific region. The company holds 100% operated working interests in the Stag oilfield and the Montara project located in offshore Western Australia; and two gas development blocks in Southwest Vietnam.

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