Block Energy (LON:BLOE) Shares Down 5.1% – What’s Next?

Shares of Block Energy Plc (LON:BLOE) were down 5.1% during trading on Monday . The company traded as low as GBX 0.70 ($0.01) and last traded at GBX 0.75 ($0.01). Approximately 11,678,608 shares were traded during mid-day trading, an increase of 370% from the average daily volume of 2,486,549 shares. The stock had previously closed at GBX 0.79 ($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 stock has a market capitalization of £5.13 million, a P/E ratio of -1.19 and a beta of 0.27. The company has a fifty day simple moving average of GBX 0.74 and a two-hundred day simple moving average of GBX 0.88.

About Block Energy

Block Energy is an AIM-listed independent oil and gas Company with current oil and gas production and material production and cashflow led growth opportunities from fields in Georgia.

Led by a management team with unrivalled experience in the Caucasus, Block’s aim is to deliver near and medium-term cashflows for reinvestment into medium and longer-term high impact opportunities, though a four-project strategy.