Ivanhoe Electric (TSE:IE) Shares Pass Above 200-Day Moving Average of $15.86

Ivanhoe Electric Inc. (TSE:IE – Get Rating)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.86 and traded as high as C$16.60. Ivanhoe Electric shares last traded at C$15.68, with a volume of 1,940 shares traded.

Ivanhoe Electric Stock Up 4.7 %

The company’s 50-day moving average is C$16.15 and its 200 day moving average is C$15.89. The company has a market capitalization of C$1.46 billion and a PE ratio of -6.73. The company has a debt-to-equity ratio of 16.30, a quick ratio of 8.83 and a current ratio of 6.82.

About Ivanhoe Electric

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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.