Ithaca Energy (LON:ITH) Reaches New 1-Year High - What's Next?

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.

Shares of Ithaca Energy plc (LON:ITH - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 225 ($3.04) and last traded at GBX 221.50 ($2.99), with a volume of 345512 shares traded. The stock had previously closed at GBX 221 ($2.98).

Analyst Upgrades and Downgrades

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

Ithaca Energy Stock Up 2.0%

The stock has a market capitalization of £3.82 billion and a PE ratio of -3,362.32. The stock has a fifty day moving average of GBX 175.08 and a 200-day moving average of GBX 152.32.

About Ithaca Energy

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.