Ithaca Energy plc (LON:ITH – Get Free Report) rose 9.1% during trading on Wednesday . The stock traded as high as GBX 195 ($2.63) and last traded at GBX 194.40 ($2.62). Approximately 4,010,399 shares changed hands during trading, an increase of 155% from the average daily volume of 1,575,511 shares. The stock had previously closed at GBX 178.20 ($2.40).
Ithaca Energy Price Performance
The firm has a market capitalization of £4.05 billion and a PE ratio of 22.20. The company’s fifty day simple moving average is GBX 166.56 and its 200 day simple moving average is GBX 147.17.
Ithaca Energy Company Profile
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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