Jadestone Energy (LON:JSE) Reaches New 52-Week High – Here’s What Happened

Jadestone Energy plc (LON:JSE) reached a new 52-week high on Tuesday. The stock traded as high as GBX 42 and last traded at GBX 41, with a volume of 4,061,605 shares changing hands. The stock had previously closed at GBX 41.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 71 price objective on shares of Jadestone Energy in a research report on Thursday, August 27th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 70.50.

Jadestone Energy Trading Up 0.1%

The company has a current ratio of 2.27, a quick ratio of 2.08 and a debt-to-equity ratio of -276.87. The firm has a market capitalization of £229.15 million, a price-to-earnings ratio of -1.50 and a beta of 0.13. The firm’s 50-day moving average is GBX 36.14 and its 200 day moving average is GBX 31.99.

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.