Insider Buying: Ithaca Energy plc (LON:ITH) Insider Buys 117 Shares of Stock

Ithaca Energy plc (LON:ITH - Get Free Report) insider Iain Clifford Scobbie Lewis acquired 117 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were acquired at an average cost of GBX 128 ($1.67) per share, for a total transaction of £149.76 ($195.94).

Iain Clifford Scobbie Lewis also recently made the following trade(s):

• On Friday, March 28th, Iain Clifford Scobbie Lewis sold 114,274 shares of Ithaca Energy stock. The shares were sold at an average price of GBX 162 ($2.12), for a total value of £185,123.88 ($242,213.63).

Ithaca Energy Stock Performance

ITH stock traded up GBX 0.60 ($0.01) during mid-day trading on Friday, hitting GBX 133.20 ($1.74). 582,186 shares of the company were exchanged, compared to its average volume of 2,218,733. Ithaca Energy plc has a 1-year low of GBX 94.38 ($1.23) and a 1-year high of GBX 165.40 ($2.16). The firm's 50 day simple moving average is GBX 136.92 and its 200 day simple moving average is GBX 120.54. The firm has a market cap of £2.78 billion and a P/E ratio of 15.21.

Ithaca Energy Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 14th. Investors of record on Thursday, April 10th will be given a $0.12 dividend. The ex-dividend date is Thursday, April 10th. This represents a yield of 6.56%. Ithaca Energy's dividend payout ratio is currently 319.76%.

About Ithaca Energy

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions.