Block Energy (LON:BLOE) Shares Down 4.9% – What’s Next?

by · The Cerbat Gem

Block Energy Plc (LON:BLOE – Get Free Report)’s share price was down 4.9% during mid-day trading on Monday . The company traded as low as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). Approximately 250,023 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,433,762 shares. The stock had previously closed at GBX 0.79 ($0.01).

Block Energy Stock Performance

The stock’s 50-day moving average price is GBX 0.90 and its 200-day moving average price is GBX 1.13. The company has a current ratio of 3.26, a quick ratio of 0.71 and a debt-to-equity ratio of 7.70. The company has a market capitalization of £5.78 million, a P/E ratio of -1.19 and a beta of 0.27.

Block Energy Company Profile

(Get Free Report)

Block Energy Plc explores for, develops, and produces oil and gas in the Republic of Georgia. The company owns 100% working interests in West Rustavi, Block IX, Block XI, and Norio onshore oil and gas fields; and 90% working interest in Satskhenisi onshore oil field located in Kura basin. The company was formerly known as Goldcrest Resources Plc and changed its name to Block Energy Plc in May 2017.

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