Ivanhoe Electric Inc. (TSE:IE – Get Rating)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.00 and traded as high as C$13.84. Ivanhoe Electric shares last traded at C$13.84, with a volume of 7,915 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. set a C$15.00 target price on shares of Ivanhoe Electric and gave the company a “neutral” rating in a report on Thursday, August 18th.
Ivanhoe Electric Trading Up 5.7 %
The company has a debt-to-equity ratio of 10.93, a quick ratio of 8.83 and a current ratio of 9.48. The business has a 50-day moving average price of C$12.82.
About Ivanhoe Electric
Ivanhoe Electric Inc operates as a mineral exploration and development company in the United States. It operates through Critical Metals, Technology, and Energy Storage. The company holds 84.6% interests in the Tintic copper-gold project covering an area of 65 square kilometers located in Utah. It also holds an option to acquire a 100% interest in the Santa Cruz copper project covering an area of 77.59 square kilometers located in Arizona; 75% interest in the Hog Heaven silver-gold-copper project covering an area of 24.2 square kilometers located in Montana; and 60% interest in the Ivory Coast project covering an area of 1,125 square kilometers located in the Ivory Coast.
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