Shares of Ithaca Energy plc (LON:ITH – Get Free Report) shot up 7.8% on Thursday . The company traded as high as GBX 107.57 ($1.36) and last traded at GBX 107.57 ($1.36). 1,850,700 shares changed hands during mid-day trading, an increase of 108% from the average session volume of 888,891 shares. The stock had previously closed at GBX 99.80 ($1.26).
Ithaca Energy Price Performance
The firm has a market capitalization of £1.75 billion and a P/E ratio of 831.67. The firm has a 50-day moving average price of GBX 103.94 and a two-hundred day moving average price of GBX 116.92.
About Ithaca Energy
Ithaca Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea, Moray Firth, and West of Shetland area of the UKCS. Ithaca Energy plc was formerly known as Delek North Sea Limited and changed its name to Ithaca Energy plc in October 2022.
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