Block Energy Plc (LON:BLOE – Get Free Report) traded up 3.4% during mid-day trading on Friday . The company traded as high as GBX 0.75 ($0.01) and last traded at GBX 0.75 ($0.01). 4,928,323 shares changed hands during trading, an increase of 254% from the average session volume of 1,390,889 shares. The stock had previously closed at GBX 0.73 ($0.01).
Block Energy Trading Up 3.4 %
The stock has a market capitalization of £5.44 million, a P/E ratio of -1.19 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 stock’s 50 day moving average price is GBX 0.81 and its 200-day moving average price is GBX 1.04.
About Block Energy
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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