88 Energy (LON:88E) Stock Price Crosses Above 50-Day Moving Average of $0.55

Shares of 88 Energy Limited (LON:88E – Get Rating) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 0.55 ($0.01) and traded as high as GBX 0.65 ($0.01). 88 Energy shares last traded at GBX 0.63 ($0.01), with a volume of 27,718,323 shares trading hands.

88 Energy Price Performance

The stock has a market capitalization of £115.07 million and a price-to-earnings ratio of -20.00. The company has a current ratio of 2.19, a quick ratio of 1.99 and a debt-to-equity ratio of 35.28. The stock has a fifty day moving average of GBX 0.55 and a two-hundred day moving average of GBX 0.55.

88 Energy Company Profile

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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.