In a filing, Ivanhoe Electric Inc revealed its SVP, Mine Development Kuntz Glen Nickolas acquired Company’s shares for reported $11045.0 on Mar 06 ’24. In the deal valued at $8.23 per share,1,342 shares were bought. As a result of this transaction, Kuntz Glen Nickolas now holds 3,042 shares worth roughly $26891.28.
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
Then, Markin Quentin bought 20,000 shares, generating $149,000 in total proceeds. Upon buying the shares at $7.45, the insider now owns 69,950 shares.
Before that, Boyd Graham Richard Thomas bought 4,000 shares. Ivanhoe Electric Inc shares valued at $29,760 were divested by the Senior VP, Exploration at a price of $7.44 per share. As a result of the transaction, Boyd Graham Richard Thomas now holds 6,510 shares, worth roughly $57548.4.
JP Morgan initiated its Ivanhoe Electric Inc [IE] rating to an Overweight in a research note published on October 17, 2023; the price target was $18. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in late December with a ‘”a Sector perform”‘ rating. Raymond James began covering IE with “an Outperform” recommendation on September 28, 2022. JP Morgan started covering the stock on August 18, 2022. It rated IE as “a Neutral”.
Price Performance Review of IE
On Tuesday, Ivanhoe Electric Inc [AMEX:IE] saw its stock fall -0.90% to $8.84. Over the last five days, the stock has gained 0.91%. Ivanhoe Electric Inc shares have fallen nearly -12.30% since the year began. Nevertheless, the stocks have fallen -19.78% over the past one year. While a 52-week high of $16.75 was reached on 01/03/24, a 52-week low of $7.29 was recorded on 02/29/24. SMA at 50 days reached $8.41, while 200 days put it at $11.64. A total of 0.38 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For IE Stock
The 24-hour chart illustrates a support level at 8.78, which if violated will result in even more drops to 8.71. On the upside, there is a resistance level at 8.93. A further resistance level may holdings at 9.01. The Relative Strength Index (RSI) on the 14-day chart is 54.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.47%. Stochastics %K at 49.81% indicates the stock is a holding.
How much short interest is there in Ivanhoe Electric Inc?
A steep rise in short interest was recorded in Ivanhoe Electric Inc stocks on Feb 29, 2024, growing by 0.33 million shares to a total of 3.78 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 3.45 million shares. There was a rise of 8.73%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.94% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.1.
The most recent change occurred on July 25, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $13.50 price target.
