88 Energy (LON:88E) Sets New 12-Month Low – What’s Next?

88 Energy Limited (LON:88E) reached a new 52-week low during mid-day trading on Monday. The company traded as low as GBX 0.90 and last traded at GBX 0.90, with a volume of 279,470 shares. The stock had previously closed at GBX 0.90.

88 Energy Stock Performance

The stock has a market capitalization of £12.75 million, a price-to-earnings ratio of -0.33 and a beta of 0.88. The firm’s fifty day simple moving average is GBX 1.08 and its 200 day simple moving average is GBX 1.19.

88 Energy Company Profile

88 Energy is a multi-listed (ASX:88E,AIM:88E, OTC:EEENF) oil and gas exploration and production company with a North American focus. 88E has operator exploration interests in onshore Alaska and non-operator production interests in onshore Texas. The Company has been operating on the North Slope of Alaska since 2015, successfully drilling multiple exploration wells and acquiring extensive seismic data across a large acreage position.