Block Energy (LON:BLOE) Trading 20.6% Higher – Here’s What Happened

Block Energy Plc (LON:BLOE)’s share price rose 20.6% during mid-day trading on Monday . The stock traded as high as GBX 1 ($0.01) and last traded at GBX 1 ($0.01). Approximately 751,005 shares traded hands during trading, a decline of 58% from the average daily volume of 1,787,877 shares. The stock had previously closed at GBX 0.83 ($0.01).

Block Energy Stock Performance

The company has a market capitalization of £9.18 million, a P/E ratio of -7.09 and a beta of 0.27. The business’s fifty day simple moving average is GBX 0.79 and its 200-day simple moving average is GBX 0.80. The company has a debt-to-equity ratio of 7.70, a quick ratio of 0.71 and a current ratio of 3.26.

Block Energy Company Profile

Block Energy is an AIM-listed independent oil and gas Company with current oil and gas production and material production and cashflow led growth opportunities from fields in Georgia.

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.