88 Energy Limited (OTCMKTS:EEENF – Get Rating) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 10,076,900 shares, a growth of 490.9% from the May 15th total of 1,705,400 shares. Based on an average trading volume of 28,243,100 shares, the days-to-cover ratio is presently 0.4 days.
OTCMKTS EEENF opened at $0.01 on Friday. 88 Energy has a fifty-two week low of $0.01 and a fifty-two week high of $0.04. The stock has a 50 day simple moving average of $0.01 and a two-hundred day simple moving average of $0.02.
About 88 Energy (Get Rating)
88 Energy Limited explores for oil and gas properties in the United States. It primarily holds a 75% working interest in the Icewine project, which covers an area of approximately 193,000 acres located in North Slope of Alaska, the United States; 100% working interest in the Yukon project covering an area of approximately 38,681 acres situated in the Central North Slope of Alaska; 50% working interest in Peregrine project covering an area of approximately 195,373 acres located in the NPR-A region of the North Slope of Alaska; and 100% working interest in the Umiat Oil Field project covering an area of approximately 17,633 acres situated in the immediate south of Peregrine project North Slope of Alaska.
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