It’s Not Over Yet For Ivanhoe Electric Inc (AMEX: IE)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Ivanhoe Electric Provides Update on Exploration Drilling Activity at Santa Cruz, Tintic and Hog Heaven Projects.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

Ivanhoe Electric Inc is listed on the AMEX as a member of the Basic Materials sector and is a part of the Copper industry. At the end of the last regular session, the stock closed at $7.69 and fluctuated between $7.99 as its day high and $7.68 as its day low. The current market capitalization of Ivanhoe Electric Inc is $923.03M. A total of 0.52 million shares were traded on the day, compared to an average of 466.41K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, IE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 68 SELLs from insiders. Insiders purchased 772,872 shares during that period but sold 163,236.

In the most recent transaction, Melvin Joseph Taylor sold 61,953 shares of IE for 10.27 per share on Nov 21. After the transaction, the President and CEO now owns 708,047 company shares. In a previous transaction on Jun 15, Barone Catherine Anne sold 12,500 shares at 14.41 per share. IE shares that Senior Vice President, Finance owns now total 0.

Among the insiders who sold shares, Barone Catherine Anne disposed of 5,800 shares on Jun 14 at a per-share price of $13.93. This resulted in the Senior Vice President, Finance holding 4,936 shares of IE after the transaction. In another insider transaction, Barone Catherine Anne sold 4,936 shares at $14.11 per share on Jun 14. Company shares held by the Senior Vice President, Finance now total 0.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for IE in the last 3 months, the mean price target is $16.90 with high estimates of $20.00 and low estimates of $15.00. In terms of 52-week highs and lows, IE has a high of $16.75 and a low of $7.29.

As of this writing, IE has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.21. The company reported an EPS of -$0.74 in the last quarter, which was -289.50% lower than expectations of -$0.19.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. IE’s latest balance sheet shows that the firm has $49.85M in Cash & Short Term Investments as of fiscal 2021. There were $79.23M in debt and $40.58M in liabilities at the time. Its Book Value Per Share was $3.12, while its Total Shareholder’s Equity was $27.81M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IE is Buy with a score of 4.80.

Most Popular

Related Posts