88 Energy Limited (OTCMKTS:EEENF – Get Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 263,206 shares, a drop of 26.3% from the November 30th total of 357,131 shares. Based on an average daily volume of 1,453,008 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,453,008 shares, the days-to-cover ratio is currently 0.2 days.
88 Energy Price Performance
EEENF opened at $0.02 on Tuesday. The stock’s fifty day moving average is $0.01 and its 200-day moving average is $0.01. 88 Energy has a one year low of $0.01 and a one year high of $0.05.
88 Energy Company Profile
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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