88 Energy Limited (OTCMKTS:EEENF – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 798,530 shares, a drop of 59.2% from the May 31st total of 1,957,068 shares. Based on an average daily trading volume, of 1,197,681 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the company are sold short.
88 Energy Price Performance
Shares of OTCMKTS:EEENF opened at $0.01 on Wednesday. 88 Energy has a 1-year low of $0.01 and a 1-year high of $0.03. The business’s 50 day moving average is $0.02 and its 200-day moving average is $0.02.
88 Energy Company Profile
88 Energy Limited (OTCMKTS:EEENF) is an exploration and development company focused on identifying and appraising hydrocarbon resources in frontier basins. Headquartered in Perth, Australia, the company holds a portfolio of onshore licences in the North Slope region of Alaska, where it applies modern seismic and drilling techniques to investigate unconventional oil and gas plays. 88 Energy’s exploration strategy emphasizes partnerships and joint ventures to share technical expertise and capital requirements in challenging environments.
The company’s flagship asset is Project Icewine, encompassing extensive acreage in the western portion of the North Slope.
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