Ivanhoe Electric (TSE:IE) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Ivanhoe Electric Inc. shares have crossed above their 200-day moving average, reaching a high of C$13.45 during trading before settling at C$13.20.
• The company's current market cap is C$1.13 billion, with a notable debt-to-equity ratio of 34.05 and a negative P/E ratio of -5.87.
• Ivanhoe Electric focuses on the exploration and development of mineral projects essential for electrification, including copper, gold, and silver.

Ivanhoe Electric Inc. (TSE:IE - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$10.14 and traded as high as C$13.45. Ivanhoe Electric shares last traded at C$13.20, with a volume of 14,090 shares trading hands.

Ivanhoe Electric Trading Up 4.6%

The firm has a market capitalization of C$1.19 billion, a price-to-earnings ratio of -6.19 and a beta of 0.83. 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 company has a fifty day moving average price of C$12.94 and a 200-day moving average price of C$10.20.

About Ivanhoe Electric

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.