88 Energy Limited Stock Analysis

EEENF Pink Sheet Analysis Notes

The company has price-to-book (P/B) ratio of 1.48. Some equities with similar Price to Book (P/B) outperform the market in the long run. 88 Energy Limited had not issued any dividends in recent years. 88 Energy Limited explores for oil and gas properties in the United States. The company was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. 88 Energy Limited was incorporated in 1996 and is based in Subiaco, Australia. 88 Energy operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 10 people.The quote for 88 Energy Limited is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To learn more about 88 Energy Limited call the company at 61 8 9485 0990 or check out https://www.88energy.com.

88 Energy Limited Investment Alerts

EEENF Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 158.91 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate 88 Energy's market, we take the total number of its shares issued and multiply it by 88 Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Technical Drivers

As of the 16th of December 2024, 88 Energy owns the Information Ratio of (0.01), insignificant market risk adjusted performance, and Variance of 47.43. 88 Energy Limited technical analysis gives you the methodology to make use of past data patterns to determine a pattern that approximates the direction of the entity's future prices. Please confirm 88 Energy Limited coefficient of variation and the relationship between the information ratio and kurtosis to decide if 88 Energy Limited is priced fairly, providing market reflects its prevailing price of 0.0012 per share. As 88 Energy Limited appears to be a penny stock we also recommend to validate its jensen alpha numbers.

88 Energy Limited Price Movement Analysis

88 Energy Predictive Daily Indicators

88 Energy Forecast Models

88 Energy's time-series forecasting models are one of many 88 Energy's pink sheet analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary 88 Energy's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Pink Sheet analysis is the technique used by a trader or investor to examine and evaluate how 88 Energy prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling EEENF shares will generate the highest return on investment. We also built our pink sheet analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Pink Sheet such as 88 Energy. By using and applying EEENF Pink Sheet analysis, traders can create a robust methodology for identifying EEENF entry and exit points for their positions.

When running 88 Energy's price analysis, check to measure 88 Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 88 Energy is operating at the current time. Most of 88 Energy's value examination focuses on studying past and present price action to predict the probability of 88 Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 88 Energy's price. Additionally, you may evaluate how the addition of 88 Energy to your portfolios can decrease your overall portfolio volatility.