Block Energy Plc (LON:BLOE – Get Free Report)’s stock price traded up 12.5% during mid-day trading on Wednesday . The stock traded as high as GBX 1.80 ($0.02) and last traded at GBX 1.80 ($0.02). 859,891 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 2,002,725 shares. The stock had previously closed at GBX 1.60 ($0.02).
Block Energy Price Performance
The business’s 50 day moving average price is GBX 1.21 and its 200-day moving average price is GBX 1.05. The company has a quick ratio of 0.71, a current ratio of 2.38 and a debt-to-equity ratio of 7.10. The company has a market cap of £11.97 million, a PE ratio of -1.19 and a beta of 0.51.
About Block Energy
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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