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Ithaca Energy (LON:ITH) Hits New 12-Month High - Here's What Happened

Ithaca Energy logo with Energy background

Ithaca Energy plc (LON:ITH - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as GBX 165.80 ($2.25) and last traded at GBX 165.66 ($2.25), with a volume of 4669976 shares traded. The stock had previously closed at GBX 155 ($2.10).

Ithaca Energy Stock Up 5.1%

The business has a 50-day moving average price of GBX 137.55 and a two-hundred day moving average price of GBX 130.94. The company has a market capitalization of £3.40 billion and a price-to-earnings ratio of 18.60.

Ithaca Energy Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, April 10th were given a dividend of $0.12 per share. This represents a dividend yield of 6.56%. The ex-dividend date was Thursday, April 10th. Ithaca Energy's payout ratio is 319.76%.

Insider Transactions at Ithaca Energy

In related news, insider Iain Clifford Scobbie Lewis sold 114,274 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 162 ($2.20), for a total value of £185,123.88 ($251,356.25). Insiders have bought 323 shares of company stock valued at $44,846 over the last ninety days. 89.60% of the stock is owned by company insiders.

Ithaca Energy Company Profile

(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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