Ithaca Energy plc (LON:ITH - Get Free Report) traded up 7.8% during mid-day trading on Thursday . The company traded as high as GBX 107.57 ($1.36) and last traded at GBX 107.57 ($1.36). 1,850,700 shares were traded during trading, an increase of 108% from the average session volume of 888,891 shares. The stock had previously closed at GBX 99.80 ($1.26).
Ithaca Energy Stock Up 9.2 %
The company has a market capitalization of £1.80 billion and a P/E ratio of 885.00. The firm's 50-day moving average price is GBX 103.94 and its 200 day moving average price is GBX 116.92.
Ithaca Energy Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 28th will be issued a dividend of $0.12 per share. This is a positive change from Ithaca Energy's previous dividend of $0.10. This represents a yield of 9.56%. The ex-dividend date is Thursday, November 28th. Ithaca Energy's payout ratio is currently 23,333.33%.
About Ithaca Energy
(
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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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