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

Ivanhoe Electric Inc. (TSE:IEGet Free Report)’s stock price traded down 8.4% during trading on Tuesday . The company traded as low as C$11.94 and last traded at C$11.94. 300 shares were traded 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 Price Performance

The stock has a 50 day moving average of C$13.44 and a two-hundred day moving average of C$12.65. 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 stock has a market cap of C$1.44 billion, a PE ratio of -4.39 and a beta of 0.83.

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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