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Ivanhoe Electric (TSE:IE) Hits New 52-Week Low - Here's Why

Ivanhoe Electric logo with Basic Materials background

Ivanhoe Electric Inc. (TSE:IE - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$7.25 and last traded at C$7.44, with a volume of 10182 shares. The stock had previously closed at C$8.21.

Ivanhoe Electric Stock Performance

The stock's 50-day moving average is C$8.59 and its 200-day moving average is C$10.84. 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 has a market cap of C$582.53 million, a price-to-earnings ratio of -3.02 and a beta of 0.83.

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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