Block Energy Plc (LON:BLOE – Get Free Report)’s share price traded down 11.4% on Thursday . The company traded as low as GBX 0.75 and last traded at GBX 0.75. 533,812 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,267,396 shares. The stock had previously closed at GBX 0.85.
Block Energy Price Performance
The stock has a fifty day simple moving average of GBX 0.87 and a 200-day simple moving average of GBX 0.91. The company has a market capitalization of £5.99 million, a PE ratio of -4.83 and a beta of 0.27. The company has a current ratio of 3.26, a quick ratio of 0.71 and a debt-to-equity ratio of 7.70.
About Block Energy
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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