Block Energy (LON:BLOE) Hits New 52-Week Low – Time to Sell?

Block Energy Plc (LON:BLOE – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 0.60 and last traded at GBX 0.70, with a volume of 73908 shares changing hands. The stock had previously closed at GBX 0.63.

Block Energy Price Performance

The stock has a market capitalization of £5.41 million, a P/E ratio of -4.37 and a beta of 0.27. The company has a debt-to-equity ratio of 7.70, a current ratio of 3.26 and a quick ratio of 0.71. The company’s 50 day simple moving average is GBX 0.80 and its two-hundred day simple moving average is GBX 0.89.

About Block Energy

(Get Free Report)

Block Energy plc is an AIM quoted independent oil and gas production and development company with a strategic focus on unlocking the energy potential of Georgia. With interests in seven Production Sharing Contracts in central Georgia, covering an area of 4,256 km2, including the XIB licence which has over 2.77TCF of 2C contingent gas resources, with an estimated Net Present Value 10 (“NPV”) of USD 1.65 billion, in the Patardzueli-Samgori, Rustavi and Teleti fields.

Read More

• Five stocks we like better than Block Energy
• The 3 Best Blue-Chip Stocks to Buy Now
• If D-Wave Is Too Risky, Consider These 3 Quantum ETFs for Diversification
• When to Sell a Stock for Profit or Loss
• NVIDIA’s 13F Reveals 2 Q3 Winners—And 1 Painful Miss
• Consumer Discretionary Stocks Explained
• Why Silver Beat Gold and the S&P in 2025—And What Comes Next