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Ithaca Energy (LON:ITH) Trading Up 12.3% - Here's Why

Ithaca Energy logo with Energy background

Ithaca Energy plc (LON:ITH - Get Free Report) shares were up 12.3% during mid-day trading on Thursday . The company traded as high as GBX 147.60 ($1.86) and last traded at GBX 147.40 ($1.86). Approximately 8,698,108 shares were traded during trading, an increase of 373% from the average daily volume of 1,839,700 shares. The stock had previously closed at GBX 131.20 ($1.66).

Ithaca Energy Trading Down 2.2 %

The company has a market capitalization of £2.92 billion and a PE ratio of 16.01. The business's 50-day simple moving average is GBX 124.41 and its 200-day simple moving average is GBX 115.46.

About Ithaca Energy

(Get Free Report)

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.

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