Insider Buying: Jadestone Energy Inc (LON:JSE) Insider Buys 112,870 Shares of Stock

Jadestone Energy Inc (LON:JSE) insider Iain McLaren purchased 112,870 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of GBX 48 ($0.63) per share, with a total value of £54,177.60 ($70,792.63).

Shares of JSE opened at GBX 48.20 ($0.63) on Thursday. Jadestone Energy Inc has a 1 year low of GBX 33.50 ($0.44) and a 1 year high of GBX 60 ($0.78). The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 65.01. The stock has a 50 day simple moving average of GBX 54.34 and a 200-day simple moving average of GBX 52.21. The stock has a market cap of $222.22 million and a PE ratio of 9.84.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 110 ($1.44) price target on shares of Jadestone Energy in a report on Tuesday, August 27th.

Jadestone Energy Company Profile

Jadestone Energy Inc, together with its subsidiaries, engages in the production, development, and exploration and appraisal activities in Australia, Indonesia, Vietnam, and the Philippines. Its two producing assets include the Stag Oilfield located in the Carnarvon Basin, offshore Western Australia with a total proved and probable reserves of 17.1 million barrels of oil; and the Ogan Komering production sharing contract located onshore South Sumatra, Indonesia.

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