Ivanhoe Electric Inc (AMEX:IE) shares traded 1.30% higher at $9.36 on Wall Street last session.
IE stock price is now 25.02% away from the 50-day moving average and 23.43% away from the 200-day moving average. The market capitalization of the company currently stands at $1.24B.
On October 17, 2023, JP Morgan recently initiated its ‘Overweight’ rating on the stock quoting a target price of $18, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, Melvin Joseph Taylor, President and CEO bought 50,000 shares of the company’s stock on Mar 07 ’25. The stock was bought for $288,000 at an average price of $5.76. Upon completion of the transaction, the President and CEO now directly owns 730,753 shares in the company, valued at $6.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’25, Senior VP, Exploration Boyd Graham Richard Thomas bought 5,000 shares of the business’s stock. A total of $29,150 was incurred on buying the stock at an average price of $5.83. This leaves the insider owning 11,510 shares of the company worth $0.11 million. A total of 36.65% of the company’s stock is owned by insiders.
During the past 12 months, Ivanhoe Electric Inc has had a low of $4.50 and a high of $12.13. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 3.07, and a quick ratio of 3.07. The fifty day moving average price for IE is $7.4866 and a two-hundred day moving average price translates $7.58305 for the stock.
The latest earnings results from Ivanhoe Electric Inc (AMEX: IE) was released for 2025-03-31. The net profit margin was -3163.19% and return on equity was -32.46% for IE. The company reported revenue of $0.73 million for the quarter, compared to $0.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 104.17 percent.
