Shares of Block Energy Plc (LON:BLOE – Get Free Report) dropped 10.7% on Friday . The company traded as low as GBX 0.63 and last traded at GBX 0.63. Approximately 3,463,307 shares changed hands during trading, an increase of 162% from the average daily volume of 1,319,817 shares. The stock had previously closed at GBX 0.70.
Block Energy Price Performance
The company has a market cap of £4.83 million, a PE ratio of -3.90 and a beta of 0.27. The company has a quick ratio of 0.71, a current ratio of 3.26 and a debt-to-equity ratio of 7.70. The firm has a 50 day simple moving average of GBX 0.80 and a 200-day simple moving average of GBX 0.89.
About Block Energy
Block Energy plc is an AIM quoted independent oil and gas production and development company with a strategic focus on unlocking the energy potential of Georgia. With interests in seven Production Sharing Contracts in central Georgia, covering an area of 4,256 km2, including the XIB licence which has over 2.77TCF of 2C contingent gas resources, with an estimated Net Present Value 10 (“NPV”) of USD 1.65 billion, in the Patardzueli-Samgori, Rustavi and Teleti fields.
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