Ivanhoe Electric (TSE:IE) Sets New 52-Week Low – Here’s What Happened

Shares of Ivanhoe Electric Inc. (TSE:IEGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$8.30 and last traded at C$8.30, with a volume of 1953 shares. The stock had previously closed at C$9.15.

Ivanhoe Electric Trading Down 10.1 %

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 fifty day simple moving average of C$9.66 and a 200-day simple moving average of C$11.11. The firm has a market cap of C$706.07 million, a P/E ratio of -3.66 and a beta of 0.83.

About Ivanhoe Electric

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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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