Shares of 88 Energy Limited (LON:88E – Get Free Report) traded down 4.5% on Thursday . The stock traded as low as GBX 1 and last traded at GBX 1. Approximately 607,690 shares were traded during mid-day trading, a decline of 64% from the average session volume of 1,687,384 shares. The stock had previously closed at GBX 1.05.
88 Energy Stock Performance
The stock has a market cap of £13.31 million, a price-to-earnings ratio of -0.22 and a beta of 0.88. The company’s 50 day simple moving average is GBX 1.21 and its 200 day simple moving average is GBX 1.25.
About 88 Energy
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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