88 Energy (LON:88E) Reaches New 1-Year Low – Here’s Why

88 Energy Limited (LON:88E – Get Free Report)’s stock price reached a new 52-week low during trading on Monday. The company traded as low as GBX 0.90 and last traded at GBX 0.90, with a volume of 279,470 shares changing hands. The stock had previously closed at GBX 0.90.

88 Energy Stock Performance

The firm has a market cap of £11.98 million, a PE ratio of -0.31 and a beta of 0.88. The company’s 50-day simple moving average is GBX 1.08 and its two-hundred day simple moving average is GBX 1.19.

About 88 Energy

(Get Free Report)

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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