Block Energy (LON:BLOE) Hits New 52-Week Low – What’s Next?

Block Energy Plc (LON:BLOE) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 0.65 ($0.01) and last traded at GBX 0.65 ($0.01), with a volume of 386000 shares. The stock had previously closed at GBX 0.67 ($0.01).

Block Energy Price Performance

The company has a current ratio of 3.26, a quick ratio of 0.71 and a debt-to-equity ratio of 7.70. The company has a 50 day moving average price of GBX 0.79 and a 200 day moving average price of GBX 0.96. The company has a market capitalization of £4.71 million, a P/E ratio of -1.19 and a beta of 0.27.

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.