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88 Energy shares still on track to hit 5.5p this summer, says Zak Mir

Leading technical analyst Zak Mir says the 88 Energy Ltd (LON:88E) share is still on track to hit the 5.5p by the end of summer.

“We’ve gapped through this trend line from March last year at the beginning of this month and we’ve followed through quite well,” explains Mir in the latest Proactive Investors Bulletin Board.

“The implied target once we broke the line was up towards 5.5p at the top of a rising 2016 price channel, and that can still be hit over the next one to two months.”

Quick facts: 88 Energy Ltd

Price: 1.397 GBX

AIM:88E
Market: AIM
Market Cap: £96 m
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Investor Update: 88 Energy completes Premier Oil farm-out in Alaska

Headlines from the Proactive UK newsroom. 88 Energy (LON:88E) has completed its farm-out with Premier Oil for its acreage in Alaska. The Alaska Department of Natural Resources has also approved the Plan of Operations for the Charlie-1 appraisal well with spudding scheduled for next...

on 27/11/19

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