Block Energy (LON:BLOE) Stock Price Up 3.4% – What’s Next?

Block Energy Plc (LON:BLOEGet Free Report)’s stock price was up 3.4% during trading on Friday . The stock traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). Approximately 4,928,323 shares traded hands during mid-day trading, an increase of 254% from the average daily volume of 1,390,889 shares. The stock had previously closed at GBX 0.73 ($0.01).

Block Energy Price Performance

The stock has a market capitalization of £5.44 million, a PE ratio of -1.19 and a beta of 0.27. The firm has a 50 day moving average price of GBX 0.81 and a 200 day moving average price of GBX 1.04. The company has a current ratio of 3.26, a quick ratio of 0.71 and a debt-to-equity ratio of 7.70.

Block Energy Company Profile

(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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