Ivanhoe Electric (TSE:IE) Reaches New 52-Week High - Should You Buy?

Key Points

• Ivanhoe Electric Inc. shares reached a new 52-week high of C$17.41 before closing at C$15.38, demonstrating significant trading activity with 12,895 shares exchanged.
• The company's current market cap is C$1.35 billion, with a P/E ratio of -7.00 and a debt-to-equity ratio of 34.05.
• Ivanhoe Electric focuses on the exploration and development of mineral projects related to essential metals for electrification, including copper, gold, silver, nickel, cobalt, vanadium, and platinum group metals.

Shares of Ivanhoe Electric Inc. (TSE:IE - ) reached a new 52-week high on Monday . The company traded as high as C$17.41 and last traded at C$15.38, with a volume of 12895 shares changing hands. The stock had previously closed at C$15.95.

Ivanhoe Electric Stock Down 1.4%

The stock has a 50-day moving average of C$12.13 and a two-hundred day moving average of C$9.93. The company has a market cap of C$1.35 billion, a P/E ratio of -7.00 and a beta of 0.83. The company has a debt-to-equity ratio of 34.05, a quick ratio of 8.83 and a current ratio of 2.50.

Ivanhoe Electric Company Profile

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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