88 Energy Limited (LON:88E – Get Free Report)’s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 1.10 and traded as high as GBX 1.25. 88 Energy shares last traded at GBX 1.13, with a volume of 18,125,955 shares trading hands.
88 Energy Trading Down 2.2%
The company has a market cap of £14.64 million, a price-to-earnings ratio of -0.38 and a beta of 0.88. The business has a fifty day moving average of GBX 1.10 and a two-hundred day moving average of GBX 1.20.
88 Energy Company Profile
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.
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