Ithaca Energy plc (LON:ITH – Get Free Report) shares were up 9.3% on Friday . The stock traded as high as GBX 148.78 ($1.89) and last traded at GBX 143.40 ($1.82). Approximately 2,867,246 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 1,677,731 shares. The stock had previously closed at GBX 131.20 ($1.66).
Ithaca Energy Price Performance
The company has a market capitalization of £2.99 billion and a P/E ratio of 16.35. The business’s 50-day moving average price is GBX 123.77 and its two-hundred day moving average price is GBX 115.29.
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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