Jadestone Energy (CVE:JSE) Stock Passes Above 50 Day Moving Average – Time to Sell?

Jadestone Energy Inc (CVE:JSE) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.50 and traded as high as C$0.50. Jadestone Energy shares last traded at C$0.50, with a volume of 7,530 shares traded.

Jadestone Energy Stock Up 6.4%

The company has a debt-to-equity ratio of 57.41, a current ratio of 1.17 and a quick ratio of 0.71. The stock has a market capitalization of C$230.52 million and a P/E ratio of 9.80. The firm has a 50-day simple moving average of C$0.50 and a 200 day simple moving average of C$0.50.

Jadestone Energy Company Profile

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.