Block Energy (LON:BLOE) Sets New 12-Month High at $1.80

Block Energy Plc (LON:BLOE) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 1.80 ($0.02) and last traded at GBX 1.60 ($0.02), with a volume of 3568019 shares trading hands. The stock had previously closed at GBX 1.50 ($0.02).

Block Energy Trading Up 1.4 %

The business’s 50 day moving average price is GBX 1.07 and its 200-day moving average price is GBX 1.01. The company has a current ratio of 2.38, a quick ratio of 0.71 and a debt-to-equity ratio of 7.10. The company has a market cap of £13.04 million, a price-to-earnings ratio of -1.19 and a beta of 0.51.

Block Energy Company Profile

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.