i3 Energy (LON:I3E) Reaches New 1-Year High – Here’s Why

i3 Energy Plc (LON:I3E) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 13 ($0.17) and last traded at GBX 13 ($0.17), with a volume of 2404107 shares. The stock had previously closed at GBX 12.90 ($0.17).

i3 Energy Stock Performance

The stock has a fifty day moving average price of GBX 12.43 and a 200 day moving average price of GBX 11.09. The company has a current ratio of 1.11, a quick ratio of 0.70 and a debt-to-equity ratio of 0.13. The firm has a market cap of £156 million, a price-to-earnings ratio of 1,292.00 and a beta of 0.25.

i3 Energy Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st will be issued a dividend of GBX 0.26 ($0.00) per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 2.01%. i3 Energy’s dividend payout ratio (DPR) is presently 10,000.00%.

About i3 Energy

i3 Energy Plc, a holding company, engages in the acquisition, development, and production of oil and gas assets in the United Kingdom and Canada. The company holds the 13/23c and 13/23d blocks in Liberator field; and 75% interest in the 13/23c-10 well in the Serenity field. Its production asset base consists of approximately 850 net conventional oil, natural gas, and natural gas liquids production wells in Central Alberta, Wapiti / Elmworth, Simonette, and the Clearwater play, Canada.