Shares of Block Energy Plc (LON:BLOE – Get Free Report) were down 8.3% during mid-day trading on Wednesday . The stock traded as low as GBX 0.69 ($0.01) and last traded at GBX 0.69 ($0.01). Approximately 418,284 shares changed hands during trading, a decline of 75% from the average daily volume of 1,699,010 shares. The stock had previously closed at GBX 0.75 ($0.01).
Block Energy Stock Down 8.3 %
The stock has a market capitalization of £4.99 million, a P/E ratio of -1.19 and a beta of 0.27. The firm’s fifty day moving average is GBX 0.71 and its 200-day moving average is GBX 0.84. The company has a current ratio of 3.26, a quick ratio of 0.71 and a debt-to-equity ratio of 7.70.
About Block Energy
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.
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