Shares of Ivanhoe Electric Inc. (TSE:IE – Get Free Report) dropped 8.4% during mid-day trading on Tuesday . The company traded as low as C$11.94 and last traded at C$11.94. Approximately 300 shares traded hands during trading, a decline of 94% from the average daily volume of 4,685 shares. The stock had previously closed at C$13.04.
Ivanhoe Electric Trading Down 8.4 %
The company has a debt-to-equity ratio of 27.70, a quick ratio of 8.83 and a current ratio of 3.66. The company’s 50 day moving average is C$13.44 and its 200 day moving average is C$12.65. The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of -4.39 and a beta of 0.83.
Ivanhoe Electric Company Profile
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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