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Why the 88 Energy (ASX:88E) share price dived 64% today – The Motley Fool Australia
What on earth is happening with the 88 Energy Ltd (ASX: 88E) share price that surged more than 700% in March but is down 50% today?
The 88 Energy Ltd(ASX: 88E) share price was sliced in half on Tuesday morning after an update related to its Peregrine project in the National Petroleum Reserve in Alaska (NPR-A).
At the time of writing, the 88 Energy share price is down 64% trading at 2.6 cents after closing at 7.3 cents on Thursday.
Project Peregrine update sinks the 88 Energy share price
Project Peregrine is one of three 88 Energy projects in Alaska. Recent updates for Peregrine have been both a blessing and a curse.
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