88 Energy (LON:88E) Shares Pass Below 50 Day Moving Average of $0.98
88 Energy Ltd (LON:88E)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.98 and traded as low as $0.96. 88 Energy shares last traded at $0.96, with a volume of 3,357,504 shares changing hands.
The business’s fifty day simple moving average is GBX 0.98. The company has a debt-to-equity ratio of 24.89, a current ratio of 3.81 and a quick ratio of 3.49. The stock has a market cap of $63.32 million and a P/E ratio of -10.00.
88 Energy Company Profile (LON:88E)
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.
See Also: Book Value Per Share – BVPS
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