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

Jadestone Energy plc (LON:JSE)’s stock price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 39 and last traded at GBX 38.88, with a volume of 2,607,230 shares. The stock had previously closed at GBX 38.

Wall Street Analyst Weigh In

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

Jadestone Energy Price Performance

The company’s 50-day moving average price is GBX 34.86 and its two-hundred day moving average price is GBX 31.45. The company has a market cap of £211.84 million, a P/E ratio of -1.39 and a beta of 0.13. The company has a current ratio of 2.27, a quick ratio of 2.08 and a debt-to-equity ratio of -276.87.

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.