Ivanhoe Electric (TSE:IE) Reaches New 52-Week Low - Here's Why

Ivanhoe Electric logo with Basic Materials background

Ivanhoe Electric Inc. (TSE:IE - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$8.44 and last traded at C$8.47, with a volume of 7571 shares trading hands. The stock had previously closed at C$8.71.

Ivanhoe Electric Trading Down 1.8 %

The company has a debt-to-equity ratio of 27.70, a current ratio of 3.66 and a quick ratio of 8.83. The business's 50 day simple moving average is C$10.48 and its 200 day simple moving average is C$11.44. The company has a market capitalization of C$1.01 billion, a price-to-earnings ratio of -3.08 and a beta of 0.83.

About Ivanhoe Electric

(Get Free Report)

Ivanhoe Electric Inc explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company holds 100% interest in the Santa Cruz Copper Project located in Arizona. Ivanhoe Electric Inc was incorporated in 2020 and is headquartered in Tempe, Arizona.

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