Ithaca Energy plc (LON:ITH – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 100.20 ($1.31) and last traded at GBX 101.40 ($1.32), with a volume of 4302938 shares trading hands. The stock had previously closed at GBX 102 ($1.33).
Ithaca Energy Price Performance
The stock has a market capitalization of £1.65 billion and a P/E ratio of 836.67. The stock has a 50 day moving average price of GBX 115.52 and a 200-day moving average price of GBX 120.04.
Ithaca Energy Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, September 5th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 5.76%. Ithaca Energy’s payout ratio is 23,333.33%.
About Ithaca Energy
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.
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