Block Energy (LON:BLOE) Shares Down 4.3%

Block Energy Plc (LON:BLOEGet Free Report)’s share price was down 4.3% during trading on Friday . The stock traded as low as GBX 1.16 ($0.01) and last traded at GBX 1.22 ($0.02). Approximately 751,207 shares were traded during trading, a decline of 57% from the average daily volume of 1,757,605 shares. The stock had previously closed at GBX 1.28 ($0.02).

Block Energy Price Performance

The company has a debt-to-equity ratio of 7.10, a current ratio of 2.38 and a quick ratio of 0.71. The business’s 50-day moving average price is GBX 1.43 and its two-hundred day moving average price is GBX 1.13. The firm has a market cap of £8.84 million, a price-to-earnings ratio of -1.19 and a beta of 0.35.

About Block Energy

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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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