Jadestone Energy (LON:JSE) Stock Price Down 0.4% – Here’s Why

Jadestone Energy plc (LON:JSE) traded down 0.4% on Tuesday . The stock traded as low as GBX 24 and last traded at GBX 24.41. 145,104 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,593,920 shares. The stock had previously closed at GBX 24.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 68 price objective on shares of Jadestone Energy in a report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 59.

Jadestone Energy Price Performance

The company has a market capitalization of £132.34 million, a P/E ratio of 6.10 and a beta of 1.43. The business’s 50-day moving average is GBX 23.76 and its two-hundred day moving average is GBX 22.42. The company has a quick ratio of 2.08, a current ratio of 1.14 and a debt-to-equity ratio of 348.59.

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.