Ivanhoe Electric (TSE:IE) Sets New 1-Year Low – Time to Sell?

Ivanhoe Electric Inc. (TSE:IEGet Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as C$8.50 and last traded at C$8.57, with a volume of 16000 shares traded. The stock had previously closed at C$8.77.

Ivanhoe Electric Stock Performance

The stock has a 50-day moving average price of C$11.00 and a 200 day moving average price of C$11.69. The company has a debt-to-equity ratio of 27.70, a current ratio of 3.66 and a quick ratio of 8.83. The firm has a market cap of C$1.04 billion, a PE ratio of -3.17 and a beta of 0.83.

About Ivanhoe Electric

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Ivanhoe Electric Inc explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company holds 100% interest in the Santa Cruz Copper Project located in Arizona. Ivanhoe Electric Inc was incorporated in 2020 and is headquartered in Tempe, Arizona.

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