Block Energy Plc (LON:BLOE – Get Free Report) shares shot up 20% during trading on Thursday . The company traded as high as GBX 0.93 ($0.01) and last traded at GBX 0.90 ($0.01). 11,189,262 shares changed hands during trading, an increase of 684% from the average session volume of 1,427,021 shares. The stock had previously closed at GBX 0.75 ($0.01).
Block Energy Stock Up 24.5 %
The stock has a market cap of £6.77 million, a price-to-earnings ratio of -1.19 and a beta of 0.27. The firm has a 50 day simple moving average of GBX 0.81 and a two-hundred day simple moving average of GBX 1.02. The company has a debt-to-equity ratio of 7.70, a current ratio of 3.26 and a quick ratio of 0.71.
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.
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