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

Key Points

• Ithaca Energy's share price reached a new **52-week high** of GBX 225 ($3.03), reflecting significant growth in its stock performance with a trading volume of **345,512 shares**.
• The company's **market capitalization** stands at £4.57 billion, with a **PE ratio of 25.01**, indicating its competitive valuation in the market.
• Ithaca Energy, a leading UK independent exploration and production company, is focused on **growing its portfolio** through both organic investments and major acquisitions.

Ithaca Energy plc (LON:ITH - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as GBX 225 ($3.04) and last traded at GBX 221.50 ($2.99), with a volume of 345512 shares trading hands. The stock had previously closed at GBX 221 ($2.99).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "not rated" rating on shares of Ithaca Energy in a research report on Wednesday, August 20th.

Ithaca Energy Stock Up 0.7%

The business has a 50-day simple moving average of GBX 174.03 and a 200-day simple moving average of GBX 151.36. The stock has a market cap of £4.74 billion and a P/E ratio of 25.98.

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.