Ithaca Energy (LON:ITH) Trading 9.3% Higher – Time to Buy?

Shares of Ithaca Energy plc (LON:ITH – Get Free Report) traded up 9.3% on Thursday . The company traded as high as GBX 148.78 ($1.88) and last traded at GBX 143.40 ($1.81). 2,867,246 shares were traded during mid-day trading, an increase of 71% from the average session volume of 1,677,731 shares. The stock had previously closed at GBX 131.20 ($1.66).

Ithaca Energy Trading Down 2.2 %

The company has a 50 day moving average price of GBX 124.41 and a 200 day moving average price of GBX 115.46. The company has a market capitalization of £2.92 billion and a P/E ratio of 16.01.

Ithaca Energy Company Profile

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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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