Block Energy (LON:BLOE) Stock Price Up 0.5% – Time to Buy?

Block Energy Plc (LON:BLOE)’s share price rose 0.5% during mid-day trading on Friday . The company traded as high as GBX 0.93 ($0.01) and last traded at GBX 0.93 ($0.01). Approximately 352,152 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,128,952 shares. The stock had previously closed at GBX 0.93 ($0.01).

Block Energy Trading Up 0.5%

The firm has a market cap of £8.54 million, a price-to-earnings ratio of -6.60 and a beta of 0.27. The business’s 50 day moving average price is GBX 0.97 and its 200-day moving average price is GBX 0.88. The company has a debt-to-equity ratio of 7.70, a quick ratio of 0.71 and a current ratio of 3.26.

About Block Energy

Block Energy is an AIM-listed independent oil and gas Company with current oil and gas production and material production and cashflow led growth opportunities from fields in Georgia.

Led by a management team with unrivalled experience in the Caucasus, Block’s aim is to deliver near and medium-term cashflows for reinvestment into medium and longer-term high impact opportunities, though a four-project strategy.