Ithaca Energy (LON:ITH) Hits New 52-Week Low – Time to Sell?

Ithaca Energy plc (LON:ITH) shares 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 traded. The stock had previously closed at GBX 102 ($1.33).

Ithaca Energy Trading Down 2.3 %

The stock has a 50 day simple moving average of GBX 116.34 and a 200 day simple moving average of GBX 120.41. The firm has a market capitalization of £1.01 billion and a PE ratio of 850.00.

Ithaca Energy Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 5th were given a $0.10 dividend. This represents a dividend yield of 5.76%. The ex-dividend date was Thursday, September 5th. Ithaca Energy’s payout ratio is 23,333.33%.

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.