Ivanhoe Electric Inc. (NYSEAMERICAN:IE – Get Free Report) was down 3.4% on Friday . The stock traded as low as $7.30 and last traded at $7.31. Approximately 151,610 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 636,216 shares. The stock had previously closed at $7.57.
Ivanhoe Electric Stock Down 4.4 %
The company has a quick ratio of 4.76, a current ratio of 4.89 and a debt-to-equity ratio of 0.19. The firm has a market cap of $871.04 million, a P/E ratio of -6.77 and a beta of 0.85.
Ivanhoe Electric (NYSEAMERICAN:IE – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.05). Ivanhoe Electric had a negative return on equity of 33.64% and a negative net margin of 3,007.59%. The firm had revenue of $0.54 million for the quarter, compared to analyst estimates of $1.00 million. Analysts forecast that Ivanhoe Electric Inc. will post -1.18 earnings per share for the current year.
Insider Activity
Institutional Trading of Ivanhoe Electric
Several hedge funds and other institutional investors have recently bought and sold shares of IE. MQS Management LLC acquired a new position in Ivanhoe Electric in the 1st quarter valued at $100,000. Principal Financial Group Inc. bought a new position in shares of Ivanhoe Electric in the second quarter worth $106,000. ProShare Advisors LLC raised its stake in Ivanhoe Electric by 10.0% in the first quarter. ProShare Advisors LLC now owns 11,504 shares of the company’s stock valued at $113,000 after purchasing an additional 1,043 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Ivanhoe Electric during the fourth quarter worth about $151,000. Finally, Avior Wealth Management LLC grew its stake in Ivanhoe Electric by 164.7% during the fourth quarter. Avior Wealth Management LLC now owns 15,158 shares of the company’s stock worth $153,000 after buying an additional 9,432 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.
Ivanhoe Electric Company Profile
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 was incorporated in 2020 and is headquartered in Tempe, Arizona.
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