88 Energy (LON:88E) Shares Down 4.3% – Here’s What Happened

Shares of 88 Energy Limited (LON:88E) fell 4.3% during trading on Friday . The stock traded as low as GBX 1 and last traded at GBX 1. 181,162 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,588,007 shares. The stock had previously closed at GBX 1.05.

88 Energy Price Performance

The stock has a market cap of £13.38 million, a PE ratio of -0.22 and a beta of 0.88. The business has a fifty day moving average of GBX 1.12 and a 200-day moving average of GBX 1.24.

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.