Block Energy Plc (LON:BLOE – Get Free Report) rose 20% during mid-day trading on Thursday . The company traded as high as GBX 0.93 ($0.01) and last traded at GBX 0.90 ($0.01). Approximately 11,189,262 shares were traded during mid-day trading, an increase of 684% from the average daily volume of 1,427,021 shares. The stock had previously closed at GBX 0.75 ($0.01).
Block Energy Stock Up 13.3 %
The business has a 50 day simple moving average of GBX 0.80 and a 200 day simple moving average of GBX 1.01. The company has a market capitalization of £6.16 million, a price-to-earnings ratio of -1.19 and a beta of 0.27. The company has a debt-to-equity ratio of 7.70, a current ratio of 3.26 and a quick ratio of 0.71.
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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