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

Shares of Jadestone Energy plc (LON:JSE) reached a new 52-week high on Monday . The company traded as high as GBX 38.50 and last traded at GBX 36.50, with a volume of 175625 shares. The stock had previously closed at GBX 36.50.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 71 price target on shares of Jadestone Energy in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 63.67.

Jadestone Energy Stock Performance

The company has a debt-to-equity ratio of -276.87, a quick ratio of 2.08 and a current ratio of 2.27. The company has a market cap of £207.21 million, a price-to-earnings ratio of -1.36 and a beta of 0.14. The firm’s 50-day moving average price is GBX 32.62 and its 200 day moving average price is GBX 30.37.

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.