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

Jadestone Energy plc (LON:JSE)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 29 and last traded at GBX 27.92, with a volume of 3742479 shares changing hands. The stock had previously closed at GBX 28.

Analyst Upgrades and Downgrades

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

Jadestone Energy Trading Down 0.3%

The business has a 50 day moving average of GBX 24.26 and a 200 day moving average of GBX 22.78. The firm has a market capitalization of £151.38 million, a price-to-earnings ratio of 6.98 and a beta of 0.40. The company has a debt-to-equity ratio of 278.95, a current ratio of 0.94 and a quick ratio of 2.08.

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.