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88 Energy Ltd
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Let's analyse 88 Energy Ltd together

PenkeI guess you are interested in 88 Energy Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of 88 Energy Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of 88 Energy Ltd (30 sec.)










What can you expect buying and holding a share of 88 Energy Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
A$0.01
Expected worth in 1 year
A$0.01
How sure are you?
47.5%

+ What do you gain per year?

Total Gains per Share
A$0.00
Return On Investment
16.1%

For what price can you sell your share?

Current Price per Share
A$0.01
Expected price per share
A$0.005 - A$0.006
How sure are you?
50%

1. Valuation of 88 Energy Ltd (5 min.)




Live pricePrice per Share (EOD)

A$0.01

Intrinsic Value Per Share

A$-0.03 - A$-0.02

Total Value Per Share

A$-0.02 - A$-0.01

2. Growth of 88 Energy Ltd (5 min.)




Is 88 Energy Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$91m$80.4m$4.7m5.5%

How much money is 88 Energy Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$3.7m-$17.1m$13.4m363.1%
Net Profit Margin52,536.2%-1,185,485.2%--

How much money comes from the company's main activities?

3. Financial Health of 88 Energy Ltd (5 min.)




4. Comparing to competitors in the Oil & Gas E&P industry (5 min.)




  Industry Rankings (Oil & Gas E&P)  


Richest
#161 / 367

Most Revenue
#321 / 367

Most Profit
#362 / 367

Most Efficient
#367 / 367

What can you expect buying and holding a share of 88 Energy Ltd? (5 min.)

Welcome investor! 88 Energy Ltd's management wants to use your money to grow the business. In return you get a share of 88 Energy Ltd.

What can you expect buying and holding a share of 88 Energy Ltd?

First you should know what it really means to hold a share of 88 Energy Ltd. And how you can make/lose money.

Speculation

The Price per Share of 88 Energy Ltd is A$0.005. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of 88 Energy Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in 88 Energy Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.01. Based on the TTM, the Book Value Change Per Share is A$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of 88 Energy Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.00-3.0%0.00-2.0%0.00-9.1%0.00-4.2%0.00-2.4%
Usd Book Value Change Per Share0.004.1%0.002.6%0.003.2%0.001.6%0.001.6%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.004.1%0.002.6%0.003.2%0.001.6%0.001.6%
Usd Price Per Share0.00-0.01-0.01-0.01-0.03-
Price to Earnings Ratio-7.50--21.72--60.55-102.86-20.33-
Price-to-Total Gains Ratio22.07-22.32-2.00--63.27--1,397,536.17-
Price to Book Ratio1.26-1.69-4.24-5.57-50.17-
Price-to-Total Gains Ratio22.07-22.32-2.00--63.27--1,397,536.17-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.0032615
Number of shares306607
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (306607 shares)40.2423.89
Gains per Year (306607 shares)160.9595.57
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1016115109686
203223120191182
304834730287278
406446340382374
508057950478470
609669560573566
70112711170669662
80128812780765758
90144914390860854
100160916000956950

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%2.010.00.016.7%2.018.00.010.0%2.026.012.05.0%5.034.045.06.0%
Book Value Change Per Share2.00.02.050.0%4.02.06.033.3%6.04.010.030.0%19.010.011.047.5%34.022.028.040.5%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.040.00.0%0.00.084.00.0%
Total Gains per Share2.00.02.050.0%4.02.06.033.3%6.04.010.030.0%19.010.011.047.5%34.022.028.040.5%

Fundamentals of 88 Energy Ltd

About 88 Energy Ltd

88 Energy Limited engages in the oil and gas exploration and production in the United States. The company's projects includes 75% working interest in the Phoenix project, which covers an area of approximately 62,324 net acres; 75% working interest in the Icewine West project covering an area of approximately 121,996 net acres; 100% working interest in Peregrine project, which covers an area of approximately 125,741 net acres; 100% working interest in the Leonis project covering an area of approximately 25,600 net acres; 100% working interest in the Umiat unit, which covers an area of approximately 17,633 net acres; and 100% working interest in the Yukon leases covering an area of approximately 15,235 net acres located in onshore, North Slope of Alaska, the United States. It also holds 73% working interest in the Longhorn project, which covers an area of approximately 964 net acres located in onshore, Permian Basin, Texas. 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.

Fundamental data was last updated by Penke on 2024-03-28 08:09:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of 88 Energy Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit 88 Energy Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare 88 Energy Ltd to the Oil & Gas E&P industry mean.
  • A Net Profit Margin of -30,631.3% means that $-306.31 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of 88 Energy Ltd:

  • The MRQ is -30,631.3%. The company is making a huge loss. -2
  • The TTM is 52,536.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ-30,631.3%TTM52,536.2%-83,167.5%
TTM52,536.2%YOY-1,185,485.2%+1,238,021.4%
TTM52,536.2%5Y-280,393.3%+332,929.5%
5Y-280,393.3%10Y-145,555.9%-134,837.4%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-30,631.3%10.1%-30,641.4%
TTM52,536.2%12.5%+52,523.7%
YOY-1,185,485.2%19.3%-1,185,504.5%
5Y-280,393.3%-16.2%-280,377.1%
10Y-145,555.9%-35.7%-145,520.2%
1.1.2. Return on Assets

Shows how efficient 88 Energy Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare 88 Energy Ltd to the Oil & Gas E&P industry mean.
  • -8.3% Return on Assets means that 88 Energy Ltd generated $-0.08 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of 88 Energy Ltd:

  • The MRQ is -8.3%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -4.2%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-8.3%TTM-4.2%-4.1%
TTM-4.2%YOY-20.1%+15.9%
TTM-4.2%5Y-11.3%+7.1%
5Y-11.3%10Y-6.2%-5.0%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.3%0.3%-8.6%
TTM-4.2%0.5%-4.7%
YOY-20.1%1.9%-22.0%
5Y-11.3%-1.2%-10.1%
10Y-6.2%-2.4%-3.8%
1.1.3. Return on Equity

Shows how efficient 88 Energy Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare 88 Energy Ltd to the Oil & Gas E&P industry mean.
  • -8.4% Return on Equity means 88 Energy Ltd generated $-0.08 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of 88 Energy Ltd:

  • The MRQ is -8.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -4.2%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-8.4%TTM-4.2%-4.2%
TTM-4.2%YOY-21.0%+16.8%
TTM-4.2%5Y-14.3%+10.1%
5Y-14.3%10Y-8.1%-6.2%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.4%1.4%-9.8%
TTM-4.2%1.7%-5.9%
YOY-21.0%4.3%-25.3%
5Y-14.3%-2.5%-11.8%
10Y-8.1%-4.1%-4.0%

1.2. Operating Efficiency of 88 Energy Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient 88 Energy Ltd is operating .

  • Measures how much profit 88 Energy Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare 88 Energy Ltd to the Oil & Gas E&P industry mean.
  • An Operating Margin of -9,338.9% means the company generated $-93.39  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of 88 Energy Ltd:

  • The MRQ is -9,338.9%. The company is operating very inefficient. -2
  • The TTM is 57,653.5%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ-9,338.9%TTM57,653.5%-66,992.4%
TTM57,653.5%YOY-62,308.7%+119,962.2%
TTM57,653.5%5Y-17,037.8%+74,691.3%
5Y-17,037.8%10Y-9,586.8%-7,451.0%
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ-9,338.9%22.2%-9,361.1%
TTM57,653.5%14.6%+57,638.9%
YOY-62,308.7%33.0%-62,341.7%
5Y-17,037.8%-4.1%-17,033.7%
10Y-9,586.8%-17.4%-9,569.4%
1.2.2. Operating Ratio

Measures how efficient 88 Energy Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • An Operation Ratio of 93.39 means that the operating costs are $93.39 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of 88 Energy Ltd:

  • The MRQ is 93.389. The company is inefficient in keeping operating costs low. -1
  • The TTM is -576.535.
Trends
Current periodCompared to+/- 
MRQ93.389TTM-576.535+669.923
TTM-576.535YOY623.088-1,199.622
TTM-576.5355Y152.068-728.603
5Y152.06810Y100.279+51.789
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ93.3891.046+92.343
TTM-576.5351.005-577.540
YOY623.0880.754+622.334
5Y152.0681.077+150.991
10Y100.2791.176+99.103

1.3. Liquidity of 88 Energy Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if 88 Energy Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A Current Ratio of 9.69 means the company has $9.69 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of 88 Energy Ltd:

  • The MRQ is 9.689. The company is very able to pay all its short-term debts. +2
  • The TTM is 10.650. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ9.689TTM10.650-0.961
TTM10.650YOY4.751+5.898
TTM10.6505Y4.432+6.218
5Y4.43210Y3.675+0.757
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ9.6891.187+8.502
TTM10.6501.170+9.480
YOY4.7511.294+3.457
5Y4.4321.325+3.107
10Y3.6751.655+2.020
1.3.2. Quick Ratio

Measures if 88 Energy Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare 88 Energy Ltd to the Oil & Gas E&P industry mean.
  • A Quick Ratio of 9.69 means the company can pay off $9.69 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of 88 Energy Ltd:

  • The MRQ is 9.689. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 5.243. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ9.689TTM5.243+4.446
TTM5.243YOY2.033+3.210
TTM5.2435Y1.873+3.370
5Y1.87310Y2.352-0.479
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ9.6890.656+9.033
TTM5.2430.673+4.570
YOY2.0330.874+1.159
5Y1.8730.829+1.044
10Y2.3520.976+1.376

1.4. Solvency of 88 Energy Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of 88 Energy Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare 88 Energy Ltd to Oil & Gas E&P industry mean.
  • A Debt to Asset Ratio of 0.01 means that 88 Energy Ltd assets are financed with 1.0% credit (debt) and the remaining percentage (100% - 1.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of 88 Energy Ltd:

  • The MRQ is 0.010. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.018. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.010TTM0.018-0.008
TTM0.018YOY0.079-0.061
TTM0.0185Y0.190-0.172
5Y0.19010Y0.220-0.031
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0100.407-0.397
TTM0.0180.419-0.401
YOY0.0790.433-0.354
5Y0.1900.468-0.278
10Y0.2200.453-0.233
1.4.2. Debt to Equity Ratio

Measures if 88 Energy Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare 88 Energy Ltd to the Oil & Gas E&P industry mean.
  • A Debt to Equity ratio of 1.0% means that company has $0.01 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of 88 Energy Ltd:

  • The MRQ is 0.010. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.019. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.010TTM0.019-0.008
TTM0.019YOY0.092-0.074
TTM0.0195Y0.263-0.244
5Y0.26310Y0.323-0.060
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0100.587-0.577
TTM0.0190.601-0.582
YOY0.0920.675-0.583
5Y0.2630.830-0.567
10Y0.3230.785-0.462

2. Market Valuation of 88 Energy Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings 88 Energy Ltd generates.

  • Above 15 is considered overpriced but always compare 88 Energy Ltd to the Oil & Gas E&P industry mean.
  • A PE ratio of -7.50 means the investor is paying $-7.50 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of 88 Energy Ltd:

  • The EOD is -5.355. Based on the earnings, the company is expensive. -2
  • The MRQ is -7.497. Based on the earnings, the company is expensive. -2
  • The TTM is -21.724. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-5.355MRQ-7.497+2.142
MRQ-7.497TTM-21.724+14.227
TTM-21.724YOY-60.554+38.829
TTM-21.7245Y102.862-124.586
5Y102.86210Y20.328+82.534
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD-5.3551.498-6.853
MRQ-7.4971.403-8.900
TTM-21.7241.546-23.270
YOY-60.5540.970-61.524
5Y102.862-0.830+103.692
10Y20.328-0.906+21.234
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of 88 Energy Ltd:

  • The EOD is -1.547. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.165. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -5.537. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.547MRQ-2.165+0.619
MRQ-2.165TTM-5.537+3.371
TTM-5.537YOY-11.658+6.122
TTM-5.5375Y-18.882+13.345
5Y-18.88210Y-77.566+58.684
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD-1.5470.846-2.393
MRQ-2.1651.071-3.236
TTM-5.537-0.754-4.783
YOY-11.658-0.670-10.988
5Y-18.882-2.764-16.118
10Y-77.566-4.377-73.189
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of 88 Energy Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Oil & Gas E&P industry mean).
  • A PB ratio of 1.26 means the investor is paying $1.26 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of 88 Energy Ltd:

  • The EOD is 0.900. Based on the equity, the company is cheap. +2
  • The MRQ is 1.259. Based on the equity, the company is underpriced. +1
  • The TTM is 1.690. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.900MRQ1.259-0.360
MRQ1.259TTM1.690-0.430
TTM1.690YOY4.235-2.546
TTM1.6905Y5.573-3.884
5Y5.57310Y50.165-44.592
Compared to industry (Oil & Gas E&P)
PeriodCompanyIndustry (mean)+/- 
EOD0.9001.075-0.175
MRQ1.2591.069+0.190
TTM1.6901.075+0.615
YOY4.2351.385+2.850
5Y5.5731.225+4.348
10Y50.1651.434+48.731
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of 88 Energy Ltd.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of 88 Energy Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.0000.000+58%0.000+28%0.000+166%0.000+155%
Book Value Per Share--0.0060.005+7%0.005+13%0.004+48%0.003+116%
Current Ratio--9.68910.650-9%4.751+104%4.432+119%3.675+164%
Debt To Asset Ratio--0.0100.018-43%0.079-87%0.190-95%0.220-95%
Debt To Equity Ratio--0.0100.019-44%0.092-89%0.263-96%0.323-97%
Dividend Per Share----0%-0%-0%-0%
Eps--0.0000.000-35%-0.001+199%0.000+39%0.000-21%
Free Cash Flow Per Share---0.0010.000-40%-0.001+6%-0.001-34%0.000-48%
Free Cash Flow To Equity Per Share---0.0010.000-75%0.000-91%0.000-66%0.000-68%
Gross Profit Margin--1.1801.219-3%1.172+1%1.078+9%0.739+60%
Intrinsic Value_10Y_max---0.018--------
Intrinsic Value_10Y_min---0.028--------
Intrinsic Value_1Y_max---0.002--------
Intrinsic Value_1Y_min---0.002--------
Intrinsic Value_3Y_max---0.005--------
Intrinsic Value_3Y_min---0.008--------
Intrinsic Value_5Y_max---0.009--------
Intrinsic Value_5Y_min---0.013--------
Market Cap125620500.480-40%175868700.672219835875.840-20%496200976.896-65%445324674.202-61%1077823894.118-84%
Net Profit Margin---306.313525.362-158%-11854.852+3770%-2803.933+815%-1455.559+375%
Operating Margin---93.389576.535-116%-623.087+567%-170.378+82%-95.868+3%
Operating Ratio--93.389-576.535+717%623.088-85%152.068-39%100.279-7%
Pb Ratio0.900-40%1.2591.690-25%4.235-70%5.573-77%50.165-97%
Pe Ratio-5.355+29%-7.497-21.724+190%-60.554+708%102.862-107%20.328-137%
Price Per Share0.005-40%0.0070.009-20%0.020-65%0.018-61%0.043-84%
Price To Free Cash Flow Ratio-1.547+29%-2.165-5.537+156%-11.658+438%-18.882+772%-77.566+3482%
Price To Total Gains Ratio15.763-40%22.06822.315-1%1.998+1004%-63.275+387%-1397536.174+6332929%
Quick Ratio--9.6895.243+85%2.033+377%1.873+417%2.352+312%
Return On Assets---0.083-0.042-50%-0.201+141%-0.113+36%-0.062-25%
Return On Equity---0.084-0.042-50%-0.210+150%-0.143+70%-0.081-4%
Total Gains Per Share--0.0000.000+58%0.000+28%0.000+166%0.000+155%
Usd Book Value--91090676.80885194398.005+7%80489344.570+13%61705724.239+48%42208148.301+116%
Usd Book Value Change Per Share--0.0000.000+58%0.000+28%0.000+166%0.000+155%
Usd Book Value Per Share--0.0040.003+7%0.003+13%0.002+48%0.002+116%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.0000.000-35%0.000+199%0.000+39%0.000-21%
Usd Free Cash Flow---13245603.800-7979363.792-40%-14049904.540+6%-8703971.173-34%-6912647.985-48%
Usd Free Cash Flow Per Share---0.0010.000-40%-0.001+6%0.000-34%0.000-48%
Usd Free Cash Flow To Equity Per Share---0.0010.000-75%0.000-91%0.000-66%0.000-68%
Usd Market Cap81942252.463-40%114719153.448143398941.810-20%323671897.229-65%290485284.982-61%703064526.133-84%
Usd Price Per Share0.003-40%0.0050.006-20%0.013-65%0.012-61%0.028-84%
Usd Profit---7650645.361-3705916.067-52%-17161065.208+124%-8122136.770+6%-4417722.509-42%
Usd Revenue--24976.5676012.412+315%19088.092+31%82957.035-70%59454.797-58%
Usd Total Gains Per Share--0.0000.000+58%0.000+28%0.000+166%0.000+155%
 EOD+2 -6MRQTTM+13 -21YOY+27 -75Y+24 -1010Y+19 -15

4.2. Fundamental Score

Let's check the fundamental score of 88 Energy Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-5.355
Price to Book Ratio (EOD)Between0-10.900
Net Profit Margin (MRQ)Greater than0-306.313
Operating Margin (MRQ)Greater than0-93.389
Quick Ratio (MRQ)Greater than19.689
Current Ratio (MRQ)Greater than19.689
Debt to Asset Ratio (MRQ)Less than10.010
Debt to Equity Ratio (MRQ)Less than10.010
Return on Equity (MRQ)Greater than0.15-0.084
Return on Assets (MRQ)Greater than0.05-0.083
Total5/10 (50.0%)

4.3. Technical Score

Let's check the technical score of 88 Energy Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.264
Ma 20Greater thanMa 500.006
Ma 50Greater thanMa 1000.005
Ma 100Greater thanMa 2000.005
OpenGreater thanClose0.006
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets141,105
Total Liabilities1,460
Total Stockholder Equity139,645
 As reported
Total Liabilities 1,460
Total Stockholder Equity+ 139,645
Total Assets = 141,105

Assets

Total Assets141,105
Total Current Assets14,141
Long-term Assets126,964
Total Current Assets
Cash And Cash Equivalents 7,322
Net Receivables 6,819
Inventory -6,819
Other Current Assets 6,819
Total Current Assets  (as reported)14,141
Total Current Assets  (calculated)14,141
+/-0
Long-term Assets
Property Plant Equipment 23
Long-term Assets Other 107,187
Long-term Assets  (as reported)126,964
Long-term Assets  (calculated)107,210
+/- 19,754

Liabilities & Shareholders' Equity

Total Current Liabilities1,460
Long-term Liabilities0
Total Stockholder Equity139,645
Total Current Liabilities
Accounts payable 1,113
Other Current Liabilities 347
Total Current Liabilities  (as reported)1,460
Total Current Liabilities  (calculated)1,460
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Common Stock357,122
Retained Earnings -251,494
Other Stockholders Equity 34,017
Total Stockholder Equity (as reported)139,645
Total Stockholder Equity (calculated)139,645
+/-0
Other
Cash and Short Term Investments 7,322
Common Stock Shares Outstanding 20,372,445
Liabilities and Stockholders Equity 141,105
Net Debt -7,322
Net Tangible Assets 139,645
Net Working Capital 12,682



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-08-312014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302003-12-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-03-31
> Total Assets 
0
8,523
8,523
5,453
5,453
8,057
8,057
6,619
6,619
466
466
0
0
0
1,357
1,357
1,707
1,707
1,674
1,674
2,263
2,263
3,750
3,750
3,648
3,648
2,638
2,638
2,575
2,556
2,134
2,134
1,695
1,695
2,933
2,933
3,789
3,789
4,314
4,314
6,056
6,056
10,128
10,128
16,632
16,632
15,023
15,023
17,569
17,569
23,365
23,365
10,633
1,743
1,743
5,974
5,974
36,477
36,477
65,518
65,517
77,008
77,008
92,424
92,424
81,560
81,560
108,166
108,166
123,796
123,796
93,923
93,923
93,580
93,580
0
105,906
0
85,360
0
117,221
0
145,783
0
124,677
0
133,026
0
141,105
141,1050133,0260124,6770145,7830117,221085,3600105,906093,58093,58093,92393,923123,796123,796108,166108,16681,56081,56092,42492,42477,00877,00865,51765,51836,47736,4775,9745,9741,7431,74310,63323,36523,36517,56917,56915,02315,02316,63216,63210,12810,1286,0566,0564,3144,3143,7893,7892,9332,9331,6951,6952,1342,1342,5562,5752,6382,6383,6483,6483,7503,7502,2632,2631,6741,6741,7071,7071,3571,3570004664666,6196,6198,0578,0575,4535,4538,5238,5230
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,928
0
4,483
0
2,001
0
6,211
0
23,200
0
0
1,071
0
1,412
0
10,068
0
20,369
27,616
27,616
32,319
32,319
14,372
14,372
15,484
15,484
23,824
23,824
7,001
7,001
17,024
17,024
9,511
9,511
19,925
19,925
22,596
22,596
43,479
43,479
11,479
11,479
15,674
15,674
14,141
14,141
14,14114,14115,67415,67411,47911,47943,47943,47922,59622,59619,92519,9259,5119,51117,02417,0247,0017,00123,82423,82415,48415,48414,37214,37232,31932,31927,61627,61620,369010,06801,41201,0710023,20006,21102,00104,48301,9280000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
645
0
4,175
0
1,742
0
6,089
0
14,626
0
0
805
0
1,255
0
7,650
0
19,991
27,303
27,246
31,554
18,184
14,014
14,014
15,092
13,992
21,722
17,022
6,674
6,674
15,903
5,203
0
6,775
0
7,645
0
14,762
0
32,318
0
10,470
0
14,124
0
7,322
7,322014,124010,470032,318014,76207,64506,77505,20315,9036,6746,67417,02221,72213,99215,09214,01414,01418,18431,55427,24627,30319,99107,65001,25508050014,62606,08901,74204,17506450000000000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
984
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-443
0
0
00-4430000000000000000000000000000000000000000009840000000000000000000000000000000000000000000
       Net Receivables 
0
272
264
334
334
190
190
346
346
80
80
0
0
0
29
29
45
45
50
50
59
59
82
82
69
69
61
61
65
47
32
32
31
31
53
53
68
68
180
180
377
377
300
300
273
273
259
259
54
121
8,433
8,433
408
146
146
157
157
47
47
321
321
35
35
48
48
46
46
122
122
116
116
26
26
50
50
58
58
0
0
7,833
7,833
936
936
1,009
1,009
0
1,550
0
6,819
6,81901,55001,0091,0099369367,8337,8330058585050262611611612212246464848353532132147471571571461464088,4338,4331215425925927327330030037737718018068685353313132324765616169698282595950504545292900080803463461901903343342642720
       Other Current Assets 
0
169
169
125
125
347
347
394
394
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
61
61
6
6
0
0
0
0
0
0
0
0
0
0
0
0
984
300
35
308
0
259
67
121
140
8,574
0
120
266
0
157
417
2,417
0
378
278
370
717
14,136
312
358
270
1,493
1,985
6,802
300
326
1,071
11,821
2,178
2,736
5,080
12,280
7,833
7,833
11,161
10,225
1,009
1,009
1,550
1,550
6,819
6,819
6,8196,8191,5501,5501,0091,00910,22511,1617,8337,83312,2805,0802,7362,17811,8211,0713263006,8021,9851,49327035831214,13671737027837802,417417157026612008,57414012167259030835300984000000000000666161000000000000000003943943473471251251691690
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,200
0
12,149
0
13,022
0
11,359
0
164
0
0
671
0
4,563
0
26,409
0
45,148
0
49,392
0
60,105
0
67,188
0
92,682
0
99,972
0
86,922
0
76,556
0
96,395
0
65,435
0
94,626
0
102,304
0
113,198
0
117,352
0
126,964
126,9640117,3520113,1980102,304094,626065,435096,395076,556086,922099,972092,682067,188060,105049,392045,148026,40904,563067100164011,359013,022012,14908,2000000000000000000000000000000000000000000000
       Property Plant Equipment 
0
4,033
4,033
3,590
3,590
6,507
6,507
5,116
5,116
70
70
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
12
12
9
9
7
7
286
286
586
586
1,589
1,589
3,244
3,244
7,996
50
9,209
9,209
9,562
9,562
7,792
7,792
36
36
32
24
24
4,506
4,506
25,415
25,415
45,148
45,148
38,233
38,233
49,641
49,641
46,939
46,939
75,435
75,435
77,052
76,995
60,721
60,721
53,018
53,018
71,888
71,888
48,388
48,388
93,828
93,828
101,477
101,367
90,093
90,093
96,498
96,498
106,730
23
23106,73096,49896,49890,09390,093101,367101,47793,82893,82848,38848,38871,88871,88853,01853,01860,72160,72176,99577,05275,43575,43546,93946,93949,64149,64138,23338,23345,14845,14825,41525,4154,5064,50624243236367,7927,7929,5629,5629,2099,209507,9963,2443,2441,5891,589586586286286779912121100000000000000070705,1165,1166,5076,5073,5903,5904,0334,0330
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
405
405
425
425
428
428
428
428
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000004284284284284254254054050000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
3,672
3,672
1,200
1,200
601
601
601
601
264
264
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000000000000000000000000000000000000000000000000000000002642646016016016011,2001,2003,6723,6720
       Other Assets 
0
3,678
3,678
1,207
1,207
607
607
601
601
264
264
0
0
0
0
0
0
0
0
0
1,250
1,250
0
0
0
0
0
0
0
0
0
0
0
0
1,179
1,179
984
984
1,019
1,019
983
983
204
204
2,940
2,940
3,460
3,460
3,567
3,567
128
128
43
647
647
57
57
995
995
0
0
11,159
11,159
10,464
10,464
20,249
20,249
16,842
16,842
22,495
22,495
25,774
25,774
23,111
23,111
24,070
24,070
16,657
16,657
399
399
413
413
953
953
443
443
480
480
48048044344395395341341339939916,65716,65724,07024,07023,11123,11125,77425,77422,49522,49516,84216,84220,24920,24910,46410,46411,15911,159009959955757647647431281283,5673,5673,4603,4602,9402,9402042049839831,0191,0199849841,1791,1790000000000001,2501,2500000000002642646016016076071,2071,2073,6783,6780
> Total Liabilities 
0
4,007
4,007
2,936
2,936
3,648
3,648
3,401
3,401
3,850
3,850
4,059
4,265
4,265
74
74
44
44
12
12
25
25
36
36
74
74
24
24
100
82
144
144
85
85
175
175
215
215
518
518
1,113
1,113
751
751
445
445
522
522
916
916
1,165
1,165
10,505
394
394
243
243
14,989
14,989
26,657
26,657
28,997
28,997
33,701
33,701
26,029
26,029
28,551
28,551
29,682
29,682
28,907
28,907
28,982
28,982
0
30,104
0
26,448
0
22,756
0
5,943
0
5,250
0
1,350
0
1,460
1,46001,35005,25005,943022,756026,448030,104028,98228,98228,90728,90729,68229,68228,55128,55126,02926,02933,70133,70128,99728,99726,65726,65714,98914,98924324339439410,5051,1651,1659169165225224454457517511,1131,11351851821521517517585851441448210024247474363625251212444474744,2654,2654,0593,8503,8503,4013,4013,6483,6482,9362,9364,0074,0070
   > Total Current Liabilities 
0
4,007
4,007
2,936
2,936
3,648
3,648
3,401
3,401
3,850
3,850
4,059
4,265
4,265
74
74
44
44
12
12
25
25
36
36
74
74
24
24
100
82
144
144
85
85
175
175
215
215
518
518
1,113
1,113
751
751
445
445
522
522
916
916
1,165
1,165
10,505
394
394
243
243
4,059
4,059
5,375
5,375
6,218
6,218
33,701
33,701
26,029
26,029
6,237
6,237
6,257
6,257
6,601
6,601
6,309
6,309
6,584
6,584
5,666
5,666
22,756
22,756
5,943
5,943
5,250
5,250
1,350
1,350
1,460
1,460
1,4601,4601,3501,3505,2505,2505,9435,94322,75622,7565,6665,6666,5846,5846,3096,3096,6016,6016,2576,2576,2376,23726,02926,02933,70133,7016,2186,2185,3755,3754,0594,05924324339439410,5051,1651,1659169165225224454457517511,1131,11351851821521517517585851441448210024247474363625251212444474744,2654,2654,0593,8503,8503,4013,4013,6483,6482,9362,9364,0074,0070
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
984
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,779
22,779
22,853
22,853
21,165
21,165
22,314
22,314
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000022,31422,31421,16521,16522,85322,85322,77922,779000000000000000009840000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,779
22,779
22,853
22,853
21,165
21,165
22,314
22,314
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000022,31422,31421,16521,16522,85322,85322,77922,7790000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
1,107
0
0
0
0
0
0
2,515
2,515
2,734
2,940
2,940
0
0
27
27
7
7
8
8
36
36
43
43
10
10
36
36
144
144
29
29
135
135
71
71
518
518
1,029
1,029
751
751
312
312
522
522
321
916
1,165
1,165
10,505
192
192
243
243
226
226
157
157
737
737
6,003
6,003
123
123
1,286
1,286
404
404
1,091
1,091
1,026
1,026
1,077
1,077
590
590
4,589
4,589
1,111
5,796
5,062
5,062
994
994
1,113
1,113
1,1131,1139949945,0625,0625,7961,1114,5894,5895905901,0771,0771,0261,0261,0911,0914044041,2861,2861231236,0036,00373773715715722622624324319219210,5051,1651,1659163215225223123127517511,0291,02951851871711351352929144144363610104343363688772727002,9402,9402,7342,5152,5150000001,10700
       Other Current Liabilities 
0
3,519
2,412
2,511
2,511
3,393
3,393
3,004
3,004
905
905
896
896
896
74
74
17
17
0
0
17
17
0
0
31
31
14
14
64
46
0
0
56
56
40
40
144
144
0
0
84
84
0
751
134
134
0
0
595
595
0
0
0
202
202
0
0
3,832
3,832
5,218
5,218
5,481
5,481
4,845
4,844
4,740
4,740
4,740
4,951
5,598
5,853
5,203
5,509
5,001
5,283
5,172
5,507
4,736
5,075
18,061
18,167
4,686
146
189
189
111
356
32
347
347323561111891891464,68618,16718,0615,0754,7365,5075,1725,2835,0015,5095,2035,8535,5984,9514,7404,7404,7404,8444,8455,4815,4815,2185,2183,8323,83200202202000595595001341347510848400144144404056560046641414313100171700171774748968968969059053,0043,0043,3933,3932,5112,5112,4123,5190
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,930
0
21,282
0
22,779
0
0
0
0
0
22,314
0
23,424
0
22,307
0
22,673
0
23,520
0
20,782
0
4,589
0
1,111
0
0
0
994
0
0
009940001,11104,589020,782023,520022,673022,307023,424022,3140000022,779021,282010,9300000000000000000000000000000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,314
0
23,424
0
22,307
0
22,673
0
23,520
0
20,782
0
0
0
0
0
0
0
0
0
0
000000000020,782023,520022,673022,307023,424022,31400000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
4,325
3,465
3,464
2,521
2,521
4,530
4,530
3,338
3,338
0
0
0
0
0
1,284
1,284
1,663
1,663
1,662
1,662
2,238
2,238
3,714
3,714
3,574
3,574
2,614
2,614
2,474
2,474
1,990
1,990
1,609
1,609
2,758
2,758
3,574
3,574
3,796
3,796
4,943
4,943
9,378
9,378
16,187
16,186
14,501
14,501
16,653
16,653
22,199
22,199
128
1,349
1,349
5,732
5,732
21,488
21,488
38,861
38,860
48,010
48,010
58,723
58,723
55,531
55,531
79,615
79,615
94,114
94,114
65,016
65,016
64,599
64,599
0
74,459
0
58,911
0
94,465
0
139,840
0
119,427
0
131,676
0
139,645
139,6450131,6760119,4270139,840094,465058,911074,459064,59964,59965,01665,01694,11494,11479,61579,61555,53155,53158,72358,72348,01048,01038,86038,86121,48821,4885,7325,7321,3491,34912822,19922,19916,65316,65314,50114,50116,18616,1879,3789,3784,9434,9433,7963,7963,5743,5742,7582,7581,6091,6091,9901,9902,4742,4742,6142,6143,5743,5743,7143,7142,2382,2381,6621,6621,6631,6631,2841,284000003,3383,3384,5304,5302,5212,5213,4643,4654,325
   Common Stock
0
18,031
18,031
20,528
20,528
25,842
25,842
26,836
26,836
26,839
26,839
26,839
26,839
26,839
28,540
28,540
28,987
28,987
29,080
29,080
29,868
29,868
31,835
31,835
31,835
31,835
31,835
31,835
32,698
32,698
32,698
32,698
33,975
33,975
34,051
34,051
37,110
37,110
36,446
36,446
39,267
39,267
43,294
43,294
54,521
49,196
49,198
49,198
61,585
55,890
66,705
66,705
67,077
75,913
67,985
72,669
72,668
90,655
90,655
115,984
115,984
125,158
125,158
141,686
141,685
141,712
141,711
166,006
166,006
179,305
179,305
179,305
179,305
185,620
185,620
198,292
198,292
208,964
208,964
241,856
241,856
285,809
285,809
327,142
327,142
340,973
340,973
357,122
357,122
357,122357,122340,973340,973327,142327,142285,809285,809241,856241,856208,964208,964198,292198,292185,620185,620179,305179,305179,305179,305166,006166,006141,711141,712141,685141,686125,158125,158115,984115,98490,65590,65572,66872,66967,98575,91367,07766,70566,70555,89061,58549,19849,19849,19654,52143,29443,29439,26739,26736,44636,44637,11037,11034,05134,05133,97533,97532,69832,69832,69832,69831,83531,83531,83531,83531,83531,83529,86829,86829,08029,08028,98728,98728,54028,54026,83926,83926,83926,83926,83926,83626,83625,84225,84220,52820,52818,03118,0310
   Retained Earnings Total Equity00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-98
0
0
0
-122
0
0
0
0
-148
0
0
0
-163
0
0
0
-171
0
0
0
-175
0
0
0
-178
0
0
0
-184
0
0
0
-225
0
0
0
23,074
0
28,629
0
30,469
0
34,017
34,017030,469028,629023,074000-225000-184000-178000-175000-171000-163000-1480000-122000-98000000000000000000000000000000000000000000000
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,769
0
10,194
0
10,546
0
10,884
0
10,421
0
0
11,222
0
13,821
0
15,012
0
14,819
16,269
16,440
16,426
16,426
15,645
15,821
18,633
18,633
22,628
22,807
22,855
22,855
23,578
23,762
24,786
24,786
16,581
16,581
18,796
18,796
23,074
23,074
28,629
0
30,469
30,469
34,017
34,017
34,01734,01730,46930,469028,62923,07423,07418,79618,79616,58116,58124,78624,78623,76223,57822,85522,85522,80722,62818,63318,63315,82115,64516,42616,42616,44016,26914,819015,012013,821011,2220010,421010,884010,546010,19406,7690000000000000000000000000000000000000000000



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2022-12-31)

Gross Profit (+$)
totalRevenue3
Cost of Revenue-60
Gross Profit-58-58
 
Operating Income (+$)
Gross Profit-58
Operating Expense-5,824
Operating Income-5,884-5,882
 
Operating Expense (+$)
Research Development0
Selling General Administrative2,779
Selling And Marketing Expenses0
Operating Expense5,8242,779
 
Net Interest Income (+$)
Interest Income3,803
Interest Expense-9
Other Finance Cost-3,784
Net Interest Income11
 
Pretax Income (+$)
Operating Income-5,884
Net Interest Income11
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-70,72258,953
EBIT - interestExpense = -5,893
-70,722
-135,542
Interest Expense9
Earnings Before Interest and Taxes (EBIT)-5,884-70,713
Earnings Before Interest and Taxes (EBITDA)-2,064
 
After tax Income (+$)
Income Before Tax-70,722
Tax Provision-0
Net Income From Continuing Ops-70,722-70,722
Net Income-135,551
Net Income Applicable To Common Shares-70,722
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses5,884
Total Other Income/Expenses Net-64,837-11
 

Technical Analysis of 88 Energy Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of 88 Energy Ltd. The general trend of 88 Energy Ltd is BEARISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine 88 Energy Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-57.1%) Bearish trend (57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of 88 Energy Ltd.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 0.006 < 0.006 < 0.006.

The bearish price targets are: 0.005 > 0.005 > 0.005.

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88 Energy Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of 88 Energy Ltd. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

88 Energy Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of 88 Energy Ltd. The current macd is 0.000083.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the 88 Energy Ltd price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for 88 Energy Ltd. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the 88 Energy Ltd price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
88 Energy Ltd Daily Moving Average Convergence/Divergence (MACD) Chart88 Energy Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of 88 Energy Ltd. The current adx is 24.16.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell 88 Energy Ltd shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
88 Energy Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of 88 Energy Ltd. The current sar is 0.00677168.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
88 Energy Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of 88 Energy Ltd. The current rsi is 46.26. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
88 Energy Ltd Daily Relative Strength Index (RSI) Chart88 Energy Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of 88 Energy Ltd. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the 88 Energy Ltd price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
88 Energy Ltd Daily Stochastic Oscillator Chart88 Energy Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of 88 Energy Ltd. The current cci is -74.07407407.

88 Energy Ltd Daily Commodity Channel Index (CCI) Chart88 Energy Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of 88 Energy Ltd. The current cmo is -12.74560422.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
88 Energy Ltd Daily Chande Momentum Oscillator (CMO) Chart88 Energy Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of 88 Energy Ltd. The current willr is -100.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
88 Energy Ltd Daily Williams %R Chart88 Energy Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of 88 Energy Ltd.

88 Energy Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of 88 Energy Ltd. The current atr is 0.00094016.

88 Energy Ltd Daily Average True Range (ATR) Chart88 Energy Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of 88 Energy Ltd. The current obv is -563,024,311.

88 Energy Ltd Daily On-Balance Volume (OBV) Chart88 Energy Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of 88 Energy Ltd. The current mfi is 77.76.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
88 Energy Ltd Daily Money Flow Index (MFI) Chart88 Energy Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for 88 Energy Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-09MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-13MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-16WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-29CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-14DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-18WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-19STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-22CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-05STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-18SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-31MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-15CCI LONG ENTRY SHORT CLOSE100 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-23MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-01DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-04CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside

6.3. Candlestick Patterns

88 Energy Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of 88 Energy Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5046.264
Ma 20Greater thanMa 500.006
Ma 50Greater thanMa 1000.005
Ma 100Greater thanMa 2000.005
OpenGreater thanClose0.006
Total3/5 (60.0%)
Penke

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