88 Energy Ltd (LON:88E) fell 9.8% on Tuesday . The company traded as low as GBX 0.75 ($0.01) and last traded at GBX 0.73 ($0.01). 50,090,522 shares changed hands during mid-day trading, an increase of 194% from the average session volume of 17,050,000 shares. The stock had previously closed at GBX 0.80 ($0.01).
The company has a debt-to-equity ratio of 24.89, a quick ratio of 3.49 and a current ratio of 3.81. The firm has a market cap of $40.30 million and a price-to-earnings ratio of -7.25.
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88 Energy Limited engages in the exploration of oil and gas properties. The company holds a 77.5% working interest in Icewine project located onshore on the North Slope of Alaska, the United States. It also holds a 100% working interest in the Yukon Gold leases that covers an area of 14,194 acres located on the eastern border of the Central North Slope of Alaska.
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