i3 Energy (LON:I3E) Shares Down 11.5%

i3 Energy Plc (LON:I3E)’s stock price fell 11.5% during mid-day trading on Thursday . The stock traded as low as GBX 10.74 ($0.13) and last traded at GBX 11.10 ($0.14). 12,494,311 shares traded hands during trading, an increase of 403% from the average session volume of 2,481,746 shares. The stock had previously closed at GBX 12.54 ($0.15).

i3 Energy Stock Performance

The firm has a fifty day simple moving average of GBX 10.38 and a 200-day simple moving average of GBX 10.53. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 25.53. The stock has a market cap of £133.20 million, a price-to-earnings ratio of 370.00 and a beta of 0.15.

i3 Energy Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, April 11th will be paid a GBX 0.26 ($0.00) dividend. This represents a dividend yield of 2.2%. The ex-dividend date is Thursday, April 11th. i3 Energy’s dividend payout ratio (DPR) is currently 3,333.33%.

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 owns interest in the 13/23c and 13/23d blocks of Liberator oil field; and 75% interest in the 13/23c-10 well in the Serenity oil field. It also owns working interest in Central Alberta, Wapiti / Elmworth, Simonette, and the Clearwater play properties.