88 Energy (LON:88E) Shares Climb 11.6% – Still a Buy?

88 Energy Limited (LON:88E)’s share price traded up 11.6% during trading on Thursday. The company traded as high as GBX 1.20 and last traded at GBX 1.20. 1,978,970 shares changed hands during trading, an increase of 45% from the average daily volume of 1,366,963 shares. The stock had previously closed at GBX 1.07.

88 Energy Price Performance

The stock has a market cap of £15.97 million, a price-to-earnings ratio of -0.41 and a beta of 0.88. The stock’s 50-day moving average is GBX 1.08 and its 200 day moving average is GBX 1.21.

About 88 Energy

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.