88 Energy Limited (LON:88E – Get Free Report) was up 9.9% during mid-day trading on Wednesday. The company traded as high as GBX 1.25 and last traded at GBX 1.13. 18,125,781 shares changed hands during trading, an increase of 1,160% from the average daily volume of 1,438,278 shares. The stock had previously closed at GBX 1.03.
88 Energy Stock Performance
The firm has a market cap of £15.07 million, a P/E ratio of -0.39 and a beta of 0.88. The firm’s fifty day moving average is GBX 1.10 and its 200 day moving average is GBX 1.20.
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.
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