Ithaca Energy plc (LON:ITH - Get Free Report) shares fell 10.8% during mid-day trading on Thursday . The company traded as low as GBX 106.55 ($1.35) and last traded at GBX 107.23 ($1.36). 12,468,460 shares were traded during mid-day trading, an increase of 1,143% from the average session volume of 1,003,469 shares. The stock had previously closed at GBX 120.20 ($1.52).
Ithaca Energy Stock Performance
The company has a 50-day moving average of GBX 104.78 and a 200 day moving average of GBX 116.80. The firm has a market cap of £1.71 billion and a P/E ratio of 895.00.
Ithaca Energy Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 28th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 28th. This is a positive change from Ithaca Energy's previous dividend of $0.10. This represents a yield of 9.56%. Ithaca Energy's payout ratio is 23,333.33%.
Ithaca Energy Company Profile
(
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Ithaca Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea, Moray Firth, and West of Shetland area of the UKCS. Ithaca Energy plc was formerly known as Delek North Sea Limited and changed its name to Ithaca Energy plc in October 2022.
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