Block Energy (LON:BLOE) Sets New 52-Week Low – Time to Sell?

Block Energy Plc (LON:BLOE)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.69 ($0.01), with a volume of 375417 shares changing hands. The stock had previously closed at GBX 0.62 ($0.01).

Block Energy Stock Up 12.0 %

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 has a fifty day simple moving average of GBX 0.77 and a 200-day simple moving average of GBX 0.94. The firm has a market cap of £5.00 million, a P/E ratio of -1.19 and a beta of 0.27.

Block Energy Company Profile

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.