Ithaca Energy (LON:ITH) Shares Down 1.1%

Shares of Ithaca Energy plc (LON:ITH) dropped 1.1% during trading on Thursday . The stock traded as low as GBX 124 ($1.57) and last traded at GBX 125.60 ($1.59). Approximately 176,641 shares changed hands during trading, a decline of 77% from the average daily volume of 766,947 shares. The stock had previously closed at GBX 127 ($1.61).

Ithaca Energy Stock Performance

The stock has a market capitalization of £1.26 billion and a P/E ratio of 1,555.00. The company’s 50-day moving average price is GBX 121.78 and its 200 day moving average price is GBX 131.25.

Ithaca Energy Company Profile

Ithaca Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea, Moray Firth, and West of Shetland area of the UKCS. Ithaca Energy plc was formerly known as Delek North Sea Limited and changed its name to Ithaca Energy plc in October 2022.