Jadestone Energy (CVE:JSE) Shares Climb 6.4% – What’s Next?

Shares of Jadestone Energy Inc (CVE:JSE – Get Free Report) shot up 6.4% on Tuesday. The stock traded as high as C$0.50 and last traded at C$0.50. 7,530 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 65,927 shares. The stock had previously closed at C$0.47.

Jadestone Energy Stock Performance

The firm has a market capitalization of C$230.52 million and a PE ratio of 9.80. The company has a debt-to-equity ratio of 57.41, a quick ratio of 0.71 and a current ratio of 1.17. The business’s fifty day simple moving average is C$0.50 and its 200-day simple moving average is C$0.50.

Jadestone Energy Company Profile

(Get Free Report)

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. The company's portfolio also comprises approximately 44,000 square kilometers of exploration and pre-development acreage across the Philippines, Vietnam, and Indonesia.

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