Jadestone Energy (LON:JSE) Trading 0.7% Higher – Here’s What Happened

Jadestone Energy plc (LON:JSE)’s stock price rose 0.7% during trading on Monday . The stock traded as high as GBX 23.50 and last traded at GBX 22. Approximately 1,196,717 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 1,463,543 shares. The stock had previously closed at GBX 21.85.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JSE. Peel Hunt reaffirmed a “buy” rating and issued a GBX 50 price target on shares of Jadestone Energy in a report on Tuesday, September 30th. Berenberg Bank restated a “buy” rating and set a GBX 68 target price on shares of Jadestone Energy in a research report on Friday, November 7th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Jadestone Energy currently has an average rating of “Buy” and an average price target of GBX 59.

Jadestone Energy Stock Up 0.7%

The stock’s fifty day moving average price is GBX 23.40 and its 200 day moving average price is GBX 21.46. The company has a current ratio of 1.14, a quick ratio of 2.08 and a debt-to-equity ratio of 348.59. The stock has a market cap of £119.04 million, a P/E ratio of 5.50 and a beta of 1.43.

About Jadestone Energy

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.