Block Energy (LON:BLOE) Hits New 1-Year Low – Here’s Why

Block Energy Plc (LON:BLOE) shares reached a new 52-week low during 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 Trading Up 12.0 %

The company has a debt-to-equity ratio of 7.70, a current ratio of 3.26 and a quick ratio of 0.71. The stock has a 50-day moving average price of GBX 0.77 and a two-hundred day moving average price of GBX 0.94. The stock has a market cap of £5.00 million, a PE 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.