Block Energy Plc (LON:BLOE – Get Free Report)’s stock price was down 10.7% during mid-day trading on Friday . The company traded as low as GBX 0.63 and last traded at GBX 0.63. Approximately 3,463,307 shares were traded 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 debt-to-equity ratio of 7.70, a quick ratio of 0.71 and a current ratio of 3.26. The business has a 50-day simple moving average of GBX 0.80 and a 200 day simple moving average of GBX 0.89. The firm has a market cap of £4.83 million, a P/E ratio of -3.90 and a beta of 0.27.
Block Energy Company Profile
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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