Ivanhoe Electric (TSE:IE) Sets New 12-Month Low – Here’s Why

Ivanhoe Electric Inc. (TSE:IEGet Free Report)’s stock price 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 changing hands. The stock had previously closed at C$9.15.

Ivanhoe Electric Trading Down 10.1 %

The stock has a market cap of C$706.07 million, a P/E ratio of -3.66 and a beta of 0.83. The company has a debt-to-equity ratio of 34.05, a quick ratio of 8.83 and a current ratio of 2.50. The firm’s fifty day simple moving average is C$9.66 and its 200-day simple moving average is C$11.11.

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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