Block Energy (LON:BLOE) Sets New 1-Year Low – Here’s Why

Block Energy Plc (LON:BLOEGet Free Report)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.62 ($0.01), with a volume of 870398 shares trading hands. The stock had previously closed at GBX 0.66 ($0.01).

Block Energy Stock Performance

The company has a debt-to-equity ratio of 7.70, a quick ratio of 0.71 and a current ratio of 3.26. The stock has a market cap of £4.55 million, a PE ratio of -1.19 and a beta of 0.27. The company’s 50 day simple moving average is GBX 0.72 and its 200 day simple moving average is GBX 0.84.

Block Energy Company Profile

(Get Free Report)

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.

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