Ithaca Energy (LON:ITH) Stock Price Up 9.3% – Should You Buy?

Shares of Ithaca Energy plc (LON:ITH – Get Free Report) rose 9.3% during trading on Thursday . The company traded as high as GBX 148.78 ($1.88) and last traded at GBX 143.40 ($1.81). Approximately 2,867,246 shares traded hands during 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 Stock Performance

The firm has a market capitalization of £2.92 billion and a price-to-earnings ratio of 16.01. The business has a fifty day moving average price of GBX 124.41 and a 200 day moving average price of GBX 115.46.

About Ithaca Energy

(Get Free Report)

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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