Block Energy (LON:BLOE) Trading Down 2.6%

Shares of Block Energy Plc (LON:BLOEGet Free Report) were down 2.6% during mid-day trading on Tuesday . The stock traded as low as GBX 0.90 ($0.01) and last traded at GBX 0.95 ($0.01). Approximately 6,918,531 shares were traded during trading, an increase of 482% from the average daily volume of 1,188,052 shares. The stock had previously closed at GBX 0.98 ($0.01).

Block Energy Stock Down 2.6 %

The company’s fifty day moving average price is GBX 0.97 and its 200-day moving average price is GBX 1. The stock has a market capitalization of £6.88 million, a PE ratio of -1.19 and a beta of 0.84. The company has a quick ratio of 0.71, a current ratio of 2.38 and a debt-to-equity ratio of 7.10.

About Block Energy

(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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