Ithaca Energy (LON:ITH) Trading Down 13.3% – Should You Sell?

Ithaca Energy plc (LON:ITH) shares traded down 13.3% during trading on Tuesday . The company traded as low as GBX 197 ($2.67) and last traded at GBX 206 ($2.79). 6,685,744 shares traded hands during trading, an increase of 314% from the average session volume of 1,614,488 shares. The stock had previously closed at GBX 237.50 ($3.22).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “no recommendation” rating on shares of Ithaca Energy in a research report on Tuesday.

Ithaca Energy Price Performance

The stock has a market capitalization of £3.39 billion and a price-to-earnings ratio of -2,985.51. The business has a fifty day moving average of GBX 176.33 and a 200 day moving average of GBX 153.06.

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.