Ivanhoe Electric (TSE:IE) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Ivanhoe Electric Inc. (TSE:IEGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 firm has a market capitalization of C$932.57 million, a price-to-earnings ratio of -4.83 and a beta of 0.83. The company’s 50 day moving average is C$9.35 and its 200 day moving average is C$9.48. The company has a quick ratio of 8.83, a current ratio of 2.50 and a debt-to-equity ratio of 34.05.

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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