Ivanhoe Electric (TSE:IE) Stock Price Down 8.4% – Should You Sell?

Shares of Ivanhoe Electric Inc. (TSE:IEGet Free Report) traded down 8.4% on Tuesday . The company traded as low as C$11.94 and last traded at C$11.94. 300 shares traded hands during 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 Trading Down 3.1 %

The stock has a market cap of C$1.41 billion, a price-to-earnings ratio of -4.45 and a beta of 0.83. The business’s 50 day moving average is C$13.45 and its 200 day moving average is C$12.62. The company has a debt-to-equity ratio of 27.70, a current ratio of 3.66 and a quick ratio of 8.83.

About Ivanhoe Electric

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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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