Jadestone Energy Inc (CVE:JSE) Director Sells C$5,440,334.00 in Stock

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Jadestone Energy Inc (CVE:JSE) Director Iain Mclaren sold 112,870 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of C$48.20, for a total transaction of C$5,440,334.00. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at C$2,410,000.

JSE opened at C$0.90 on Thursday. The company has a debt-to-equity ratio of 65.01, a current ratio of 1.33 and a quick ratio of 0.83. The company’s 50 day simple moving average is C$0.86 and its two-hundred day simple moving average is C$0.88. Jadestone Energy Inc has a 1-year low of C$0.52 and a 1-year high of C$0.99. The firm has a market capitalization of $378.06 million and a price-to-earnings ratio of 18.37.

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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