Momentum Is Strong For Ivanhoe Electric Inc (AMEX: IE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This AMEX-listed company operates within the Copper industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $10.60 and fluctuated between $10.81 as its day high and $10.42 as its day low. The current market capitalization of Ivanhoe Electric Inc is $1.28B. A total of 0.65 million shares were traded on the day, compared to an average of 498.06K 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $Icahn Enterprises L.P. – Deposi per share for the current quarter. EPS was calculated based on a consensus of GE Aerospace estimates, with a high estimate of $Bloom Energy Corporation per share and a lower estimate of $Deere & Company.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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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