Ivanhoe Electric (TSE:IE) Sets New 12-Month Low – Here’s Why

Ivanhoe Electric Inc. (TSE:IEGet Free Report)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$7.76 and last traded at C$7.92, with a volume of 9812 shares changing hands. The stock had previously closed at C$8.30.

Ivanhoe Electric Stock Performance

The firm has a market capitalization of C$690.63 million, a price-to-earnings ratio of -3.58 and a beta of 0.83. The company has a current ratio of 2.50, a quick ratio of 8.83 and a debt-to-equity ratio of 34.05. The stock’s 50-day moving average is C$9.27 and its 200-day moving average is C$11.01.

Ivanhoe Electric Company Profile

(Get Free Report)

Ivanhoe Electric Inc is a mineral project exploration and development company with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, in particular, copper, gold, silver, nickel, cobalt, vanadium, and the platinum group metals.

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