Ivanhoe Electric (TSE:IE) Sets New 52-Week Low - Time to Sell?

Ivanhoe Electric logo with Basic Materials background

Ivanhoe Electric Inc. (TSE:IE - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as C$8.50 and last traded at C$8.57, with a volume of 16000 shares. The stock had previously closed at C$8.77.

Ivanhoe Electric Stock Performance

The stock has a market cap of C$1.05 billion, a P/E ratio of -3.20 and a beta of 0.83. 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 stock has a 50-day simple moving average of C$10.65 and a 200-day simple moving average of C$11.50.

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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