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Ivanhoe Electric (TSE:IE) Shares Cross Above 200-Day Moving Average - Here's What Happened

Ivanhoe Electric logo with Basic Materials background

Shares of Ivanhoe Electric Inc. (TSE:IE - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$9.48 and traded as high as C$11.16. Ivanhoe Electric shares last traded at C$10.87, with a volume of 5,900 shares trading hands.

Ivanhoe Electric Price Performance

The stock's fifty day moving average price is C$9.65 and its 200-day moving average price is C$9.46. The company has a debt-to-equity ratio of 34.05, a current ratio of 2.50 and a quick ratio of 8.83. The firm has a market cap of C$932.57 million, a price-to-earnings ratio of -4.83 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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