Ithaca Energy (LON:ITH) Sets New 1-Year High – What’s Next?

Shares of Ithaca Energy plc (LON:ITH) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 152.40 ($1.97) and last traded at GBX 151.60 ($1.96), with a volume of 1404737 shares traded. The stock had previously closed at GBX 142.20 ($1.84).

Ithaca Energy Stock Up 7.0 %

The firm has a market capitalization of £3.17 billion and a price-to-earnings ratio of 17.38. The stock has a 50 day moving average of GBX 133.63 and a 200 day moving average of GBX 116.74.

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.