Ithaca Energy plc (LON:ITH – Get Free Report) was up 12.3% 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 traded hands during mid-day 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 Price Performance
The stock has a 50 day moving average price of GBX 124.41 and a two-hundred day moving average price of GBX 115.46. The firm has a market capitalization of £2.92 billion and a price-to-earnings ratio of 16.01.
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.
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