88 Energy Limited (OTCMKTS:EEENF – Get Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 798,530 shares, a decline of 59.2% from the May 31st total of 1,957,068 shares. Based on an average daily trading volume, of 1,197,681 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are short sold.
88 Energy Stock Performance
Shares of 88 Energy stock opened at $0.02 on Monday. The firm has a 50-day simple moving average of $0.02 and a two-hundred day simple moving average of $0.02. 88 Energy has a fifty-two week low of $0.01 and a fifty-two week high of $0.03.
About 88 Energy
88 Energy Limited (OTCMKTS:EEENF) is an exploration and development company focused on identifying and appraising hydrocarbon resources in frontier basins. Headquartered in Perth, Australia, the company holds a portfolio of onshore licences in the North Slope region of Alaska, where it applies modern seismic and drilling techniques to investigate unconventional oil and gas plays. 88 Energy’s exploration strategy emphasizes partnerships and joint ventures to share technical expertise and capital requirements in challenging environments.
The company’s flagship asset is Project Icewine, encompassing extensive acreage in the western portion of the North Slope.
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