Shares of Ithaca Energy plc (LON:ITH - Get Free Report) traded up 8.7% during mid-day trading on Friday . The stock traded as high as GBX 215 ($2.88) and last traded at GBX 214 ($2.87). 2,496,824 shares were traded during trading, an increase of 58% from the average session volume of 1,576,806 shares. The stock had previously closed at GBX 196.80 ($2.64).
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a "not rated" rating on shares of Ithaca Energy in a report on Wednesday.
View Our Latest Stock Report on Ithaca Energy
Ithaca Energy Price Performance
The firm has a market capitalization of £4.52 billion and a PE ratio of 24.72. The company's fifty day simple moving average is GBX 168.66 and its 200 day simple moving average is GBX 148.11.
About Ithaca Energy
(
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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.
Further Reading
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