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

Jadestone Energy plc (LON:JSE)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as GBX 29 and last traded at GBX 27.92, with a volume of 3742479 shares changing hands. The stock had previously closed at GBX 28.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 68 price objective on shares of Jadestone Energy in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Jadestone Energy presently has an average rating of “Buy” and an average target price of GBX 59.

Jadestone Energy Stock Down 0.3%

The company has a current ratio of 0.94, a quick ratio of 2.08 and a debt-to-equity ratio of 278.95. The company has a 50-day simple moving average of GBX 24.35 and a 200 day simple moving average of GBX 22.86. The company has a market cap of £151.38 million, a P/E ratio of 6.98 and a beta of 0.40.

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.