88 Energy (LON:88E) Stock Price Crosses Below Fifty Day Moving Average of $0.86

88 Energy Ltd (LON:88E)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.86 and traded as low as $1.00. 88 Energy shares last traded at $1.03, with a volume of 23,766,948 shares traded.

The company has a quick ratio of 3.49, a current ratio of 3.81 and a debt-to-equity ratio of 24.89. The company has a market capitalization of $56.97 million and a PE ratio of -10.25. The company’s 50-day moving average price is GBX 0.87.

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.

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