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Ivanhoe Electric (TSE:IE) Trading Down 8.4% - What's Next?

Ivanhoe Electric logo with Basic Materials background

Ivanhoe Electric Inc. (TSE:IE - Get Free Report)'s share price fell 8.4% during trading on Tuesday . The company traded as low as C$11.94 and last traded at C$11.94. 300 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 4,685 shares. The stock had previously closed at C$13.04.

Ivanhoe Electric Stock Up 3.9 %

The company has a market cap of C$1.49 billion, a P/E ratio of -4.39 and a beta of 0.83. The company has a quick ratio of 8.83, a current ratio of 3.66 and a debt-to-equity ratio of 27.70. The firm has a fifty day moving average price of C$13.44 and a 200 day moving average price of C$12.65.

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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