88 Energy (LON:88E) Stock Price Passes Below Two Hundred Day Moving Average of $0.56

88 Energy Limited (LON:88EGet Rating)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 0.56 ($0.01) and traded as low as GBX 0.45 ($0.01). 88 Energy shares last traded at GBX 0.49 ($0.01), with a volume of 32,180,142 shares.

88 Energy Stock Performance

The firm’s 50-day moving average price is GBX 0.50 and its 200 day moving average price is GBX 0.56. The company has a debt-to-equity ratio of 35.28, a quick ratio of 1.99 and a current ratio of 2.19. The company has a market cap of £91.33 million and a price-to-earnings ratio of -20.00.

About 88 Energy

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88 Energy Limited explores for oil and gas properties in the United States. It primarily holds a 75% working interest in the Icewine project, which covers an area of approximately 193,000 acres located in North Slope of Alaska, the United States; 100% working interest in the Yukon project covering an area of approximately 38,681 acres situated in the Central North Slope of Alaska; 50% working interest in Peregrine project covering an area of approximately 195,373 acres located in the NPR-A region of the North Slope of Alaska; and 100% working interest in the Umiat Oil Field project covering an area of approximately 17,633 acres situated in the immediate south of Peregrine project North Slope of Alaska.

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