88 Energy (LON:88E) Stock Price Up 1.5%

88 Energy Ltd (LON:88E)’s share price rose 1.5% during mid-day trading on Thursday . The company traded as high as GBX 1.02 ($0.01) and last traded at GBX 1.02 ($0.01), approximately 2,119,274 shares traded hands during trading. A decline of 88% from the average daily volume of 17,050,000 shares. The stock had previously closed at GBX 1 ($0.01).

The firm has a market capitalization of $63.32 million and a price-to-earnings ratio of -10.00. The firm has a fifty day simple moving average of GBX 0.97. The company has a debt-to-equity ratio of 24.89, a quick ratio of 3.49 and a current ratio of 3.81.

About 88 Energy (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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