88 Energy Limited (OTCMKTS:EEENF – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 694,711 shares, a decline of 38.3% from the August 31st total of 1,126,494 shares. Based on an average daily volume of 1,092,601 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.
88 Energy Trading Up 4.9%
Shares of OTCMKTS EEENF traded up $0.00 during trading on Thursday, reaching $0.01. The stock had a trading volume of 87,707 shares, compared to its average volume of 657,111. 88 Energy has a fifty-two week low of $0.01 and a fifty-two week high of $0.03. The business’s 50-day moving average price is $0.01 and its 200-day moving average price is $0.02.
About 88 Energy
88 Energy Ltd. is an Australian oil and gas exploration company focused primarily on identifying and developing hydrocarbon resources in Alaska. The company’s activities include acquiring exploration acreage, conducting geological and geophysical studies, drilling appraisal and exploration wells, and evaluating potential oil and natural gas discoveries.
The company’s principal assets and projects have historically been located on Alaska’s North Slope, an established petroleum-producing region.
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