88 Energy (LON:88E) Shares Pass Above Fifty Day Moving Average of $0.99

88 Energy Ltd (LON:88E)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.99 and traded as high as $0.95. 88 Energy shares last traded at $0.94, with a volume of 5,223,913 shares traded.

The stock has a fifty day simple moving average of GBX 0.99. The firm has a market cap of $58.57 million and a price-to-earnings ratio of -9.25. The company has a debt-to-equity ratio of 24.89, a current ratio of 3.81 and a quick ratio of 3.49.

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.

Further Reading: What is diluted earnings per share (Diluted EPS)?

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