88 Energy (LON:88E) Shares Break Above 50-Day Moving Average – Time to Sell?

88 Energy Limited (LON:88E – Get Free Report) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 1.10 and traded as high as GBX 1.25. 88 Energy shares last traded at GBX 1.13, with a volume of 18,125,955 shares changing hands.

88 Energy Stock Performance

The company has a market capitalization of £12.67 million, a price-to-earnings ratio of -0.32 and a beta of 0.88. The firm has a fifty day moving average price of GBX 1.10 and a 200-day moving average price of GBX 1.20.

About 88 Energy

(Get Free Report)

88 Energy is a multi-listed (ASX:88E,AIM:88E, OTC:EEENF) oil and gas exploration and production company with a North American focus.

88E has operator exploration interests in onshore Alaska and non-operator production interests in onshore Texas. The Company has been operating on the North Slope of Alaska since 2015, successfully drilling multiple exploration wells and acquiring extensive seismic data across a large acreage position.

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