88 Energy Limited (LON:88E – Get Free Report) shares rose 14.8% during mid-day trading on Monday . The company traded as high as GBX 1.38 and last traded at GBX 1.38. Approximately 462,955 shares were traded during trading, a decline of 75% from the average daily volume of 1,879,285 shares. The stock had previously closed at GBX 1.20.
88 Energy Price Performance
The firm has a market capitalization of £17.74 million, a price-to-earnings ratio of -0.29 and a beta of 0.88. The business has a 50 day moving average of GBX 1.40 and a 200 day moving average of GBX 1.23.
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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