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Ivanhoe Electric (TSE:IE) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Ivanhoe Electric logo with Basic Materials background

Key Points

  • Shares of Ivanhoe Electric Inc. crossed above their 200-day moving average on Friday, reaching a high of C$12.96 before closing at C$12.78.
  • The company has a market capitalization of C$1.10 billion and a notable debt-to-equity ratio of 34.05, indicating its financial structure.
  • Ivanhoe Electric is focused on mineral exploration and development, specifically for metals essential for electrification, such as copper, gold, and nickel.
  • Want stock alerts on Ivanhoe Electric? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Ivanhoe Electric Inc. (TSE:IE - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.49 and traded as high as C$12.96. Ivanhoe Electric shares last traded at C$12.78, with a volume of 11,094 shares.

Ivanhoe Electric Trading Down 1.2%

The company has a 50 day moving average of C$13.48 and a 200-day moving average of C$10.56. The company has a debt-to-equity ratio of 34.05, a quick ratio of 8.83 and a current ratio of 2.50. The stock has a market cap of C$1.05 billion, a price-to-earnings ratio of -5.47 and a beta of 0.83.

About Ivanhoe Electric

(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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