Ithaca Energy (LON:ITH) Trading Down 5.3% – Time to Sell?

Shares of Ithaca Energy plc (LON:ITHGet Free Report) traded down 5.3% during trading on Thursday . The stock traded as low as GBX 182.80 ($2.46) and last traded at GBX 188.20 ($2.53). 12,277,204 shares were traded during trading, an increase of 631% from the average session volume of 1,679,197 shares. The stock had previously closed at GBX 198.80 ($2.67).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “no recommendation” rating on shares of Ithaca Energy in a report on Tuesday.

Check Out Our Latest Stock Analysis on Ithaca Energy

Ithaca Energy Stock Down 5.3%

The firm has a fifty day moving average of GBX 178.47 and a 200-day moving average of GBX 154.14. The firm has a market cap of £3.10 billion and a P/E ratio of -1,775.47.

About Ithaca Energy

(Get Free Report)

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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