Block Energy (LON:BLOE) Trading 4.7% Higher – Still a Buy?

Block Energy Plc (LON:BLOE)’s stock price traded up 4.7% during mid-day trading on Friday . The company traded as high as GBX 0.84 ($0.01) and last traded at GBX 0.84 ($0.01). 6,340,960 shares traded hands during trading, an increase of 283% from the average session volume of 1,654,754 shares. The stock had previously closed at GBX 0.80 ($0.01).

Block Energy Stock Performance

The stock has a market cap of £8.87 million, a P/E ratio of -6.85 and a beta of 0.27. The company has a current ratio of 3.26, a quick ratio of 0.71 and a debt-to-equity ratio of 7.70. The stock has a 50 day simple moving average of GBX 0.72 and a 200 day simple moving average of GBX 0.82.

About Block Energy

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.