88 Energy Limited (LON:88E – Get Free Report) was up 1.7% during mid-day trading on Wednesday. The stock traded as high as GBX 1.20 and last traded at GBX 1.17. Approximately 135,365 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 1,401,219 shares. The stock had previously closed at GBX 1.15.
88 Energy Price Performance
The firm’s 50-day moving average price is GBX 1.07 and its 200 day moving average price is GBX 1.25. The firm has a market capitalization of £15.64 million, a price-to-earnings ratio of -0.40 and a beta of 0.88.
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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