Shares of Block Energy Plc (LON:BLOE – Get Free Report) dropped 9.1% on Friday . The stock traded as low as GBX 1 ($0.01) and last traded at GBX 1 ($0.01). Approximately 1,015,792 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 1,615,402 shares. The stock had previously closed at GBX 1.10 ($0.01).
Block Energy Price Performance
The company has a debt-to-equity ratio of 7.10, a current ratio of 2.38 and a quick ratio of 0.71. The firm has a fifty day moving average of GBX 1.36 and a two-hundred day moving average of GBX 1.15. The stock has a market capitalization of £7.25 million, a P/E ratio of -1.19 and a beta of 0.35.
About Block Energy
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.
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