Berenberg Bank initiated coverage on shares of Jadestone Energy (LON:JSE) in a research note issued to investors on Wednesday, Digital Look reports. The firm issued a buy rating and a GBX 110 ($1.44) price target on the stock.

JSE stock opened at GBX 55 ($0.72) on Wednesday. The firm has a 50 day moving average of GBX 57.06 and a 200 day moving average of GBX 50.85. The stock has a market capitalization of $253.57 million and a PE ratio of -30.56. The company has a quick ratio of 0.63, a current ratio of 1.25 and a debt-to-equity ratio of 80.95. Jadestone Energy has a 52 week low of GBX 33.50 ($0.44) and a 52 week high of GBX 60 ($0.78).

About Jadestone Energy

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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