Ivanhoe Electric Inc (AMEX: IE) May Be Attracting Institutional Investments

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. Recently, Yahoo Finance discussed the stock, revealing that Ivanhoe Electric Provides Update on Exploration Drilling Activity at Santa Cruz, Tintic and Hog Heaven Projects.

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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 $9.33 and fluctuated between $9.53 as its day high and $8.81 as its day low. The current market capitalization of Ivanhoe Electric Inc is $1.12B. A total of 0.74 million shares were traded on the day, compared to an average of 488.99K shares.

In the most recent transaction, Kuntz Glen Nickolas bought 1,342 shares of IE for 8.23 per share on Mar 06 ’24. After the transaction, the SVP, Mine Development now owns 3,042 company shares. In a previous transaction on Mar 01 ’24, Markin Quentin bought 20,000 shares at 7.45 per share. IE shares that the insider owns now total 69,950.

Among the insiders who bought shares, Boyd Graham Richard Thomas acquired of 4,000 shares on Feb 29 ’24 at a per-share price of $7.44. This resulted in the Senior VP, Exploration holding 6,510 shares of IE after the transaction. In another insider transaction, Joseph Cassandra Pulskamp bought 2,000 shares at $7.42 per share on Feb 28 ’24. Company shares held by the Gen Counsel & Corp Secretary now total 2,000.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 -$0.34 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.34 per share and a lower estimate of -$0.34. 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.

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