Shore Capital reissued their not rated rating on shares of Ithaca Energy (LON:ITH - Free Report) in a report issued on Wednesday morning, MarketBeat Ratings reports.
Ithaca Energy Stock Up 3.3%
LON:ITH traded up GBX 7 during midday trading on Wednesday, hitting GBX 221. The company had a trading volume of 1,980,008 shares, compared to its average volume of 1,579,280. Ithaca Energy has a 52-week low of GBX 94.38 and a 52-week high of GBX 221. The stock's fifty day moving average price is GBX 169.82 and its 200-day moving average price is GBX 148.91. The company has a market capitalization of £4.61 billion and a PE ratio of 25.24.
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.
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