Block Energy (LON:BLOE) Reaches New 52-Week High at $1.80

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

Block Energy Stock Performance

The company has a quick ratio of 0.71, a current ratio of 2.38 and a debt-to-equity ratio of 7.10. The stock has a fifty day moving average price of GBX 1.02 and a two-hundred day moving average price of GBX 1. The company has a market capitalization of £11.62 million, a price-to-earnings ratio of -1.19 and a beta of 0.51.

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.