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Ivanhoe Electric (TSE:IE) Hits New 52-Week High - Time to Buy?

Ivanhoe Electric logo with Basic Materials background

Ivanhoe Electric Inc. (TSE:IE - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$16.00 and last traded at C$15.83, with a volume of 8684 shares. The stock had previously closed at C$15.45.

Ivanhoe Electric Stock Performance

The company has a market capitalization of C$1.33 billion, a price-to-earnings ratio of -6.87 and a beta of 0.83. The stock has a 50-day simple moving average of C$11.49 and a 200-day simple moving average of C$9.76. The company has a current ratio of 2.50, a quick ratio of 8.83 and a debt-to-equity ratio of 34.05.

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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