Block Energy (LON:BLOE) Shares Down 4.5% – Here’s What Happened

Block Energy Plc (LON:BLOE) shares traded down 4.5% during mid-day trading on Monday . The company traded as low as GBX 0.77 ($0.01) and last traded at GBX 0.84 ($0.01). 1,939,957 shares were traded during trading, an increase of 27% from the average session volume of 1,528,063 shares. The stock had previously closed at GBX 0.88 ($0.01).

Block Energy Price Performance

The stock has a market cap of £5.80 million, a PE 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 company’s fifty day moving average is GBX 0.80 and its 200 day moving average is GBX 1.01.

Block Energy Company Profile

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.