Ithaca Energy (LON:ITH) Shares Down 0.1% - What's Next?

Ithaca Energy plc (LON:ITH - Get Free Report) dropped 0.1% during trading on Tuesday . The company traded as low as GBX 132.80 ($1.76) and last traded at GBX 133.60 ($1.77). Approximately 373,312 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 2,032,607 shares. The stock had previously closed at GBX 133.80 ($1.78).

Ithaca Energy Trading Up 0.8 %

The stock's fifty day simple moving average is GBX 137.50 and its 200-day simple moving average is GBX 123.54. The stock has a market capitalization of £2.77 billion and a PE ratio of 15.17.

Ithaca Energy Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, April 14th. Stockholders of record on Thursday, April 10th were paid 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%.

Insiders Place Their Bets

In related news, insider Iain Clifford Scobbie Lewis sold 114,274 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of GBX 162 ($2.15), for a total transaction of £185,123.88 ($245,652.71). Insiders own 89.60% of the company's stock.

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.