Ithaca Energy plc (LON:ITH - Get Free Report)'s share price dropped 13.3% on Tuesday . The company traded as low as GBX 197 ($2.67) and last traded at GBX 206 ($2.79). Approximately 6,685,744 shares changed hands during mid-day trading, an increase of 314% from the average daily volume of 1,614,488 shares. The stock had previously closed at GBX 237.50 ($3.22).
Analyst Ratings Changes
Separately, Shore Capital reiterated a "no recommendation" rating on shares of Ithaca Energy in a report on Tuesday.
Read Our Latest Research Report on ITH
Ithaca Energy Price Performance
The firm has a market capitalization of £3.39 billion and a PE ratio of -2,985.51. The stock has a 50-day moving average price of GBX 176.33 and a 200-day moving average price of GBX 153.06.
Ithaca Energy Company Profile
(
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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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