Block Energy (LON:BLOE) Reaches New 1-Year Low – Should You Sell?

Block Energy Plc (LON:BLOE)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.69 ($0.01), with a volume of 375417 shares changing hands. The stock had previously closed at GBX 0.62 ($0.01).

Block Energy Stock Performance

The company has a market cap of £5.00 million, a P/E ratio of -1.19 and a beta of 0.27. The company’s fifty day moving average is GBX 0.77 and its 200 day moving average is GBX 0.93. The company has a current ratio of 3.26, a quick ratio of 0.71 and a debt-to-equity ratio of 7.70.

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.