Ivanhoe Electric (TSE:IE) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Ivanhoe Electric Inc. (TSE:IEGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.06 and traded as low as C$9.51. Ivanhoe Electric shares last traded at C$9.81, with a volume of 3,925 shares trading hands.

Ivanhoe Electric Stock Down 7.2 %

The stock has a market capitalization of C$1.18 billion, a P/E ratio of -3.61 and a beta of 0.83. The stock has a 50 day moving average price of C$12.17 and a 200-day moving average price of C$12.06. 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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