Jadestone Energy (CVE:JSE) Shares Up 6.4% – Should You Buy?

Shares of Jadestone Energy Inc (CVE:JSE) traded up 6.4% during trading on Friday . The company traded as high as C$0.50 and last traded at C$0.50. 7,530 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 65,927 shares. The stock had previously closed at C$0.47.

Jadestone Energy Trading Up 6.4%

The firm’s 50 day moving average is C$0.50 and its 200 day moving average is C$0.50. The company has a market cap of C$230.52 million and a PE ratio of 9.80. The company has a debt-to-equity ratio of 57.41, a current ratio of 1.17 and a quick ratio of 0.71.

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. The company's portfolio also comprises approximately 44,000 square kilometers of exploration and pre-development acreage across the Philippines, Vietnam, and Indonesia.