Ivanhoe Electric Inc’s filing revealed that its President and CEO Melvin Joseph Taylor acquired Company’s shares for reported $0.29 million on Mar 07 ’25. In the deal valued at $5.76 per share,50,000 shares were bought. As a result of this transaction, Melvin Joseph Taylor now holds 730,753 shares worth roughly $5.1 million.
Then, Boyd Graham Richard Thomas bought 5,000 shares, generating $29,150 in total proceeds. Upon buying the shares at $5.83, the Senior VP, Exploration now owns 11,510 shares.
Before that, Neeser Jordan bought 7,500 shares. Ivanhoe Electric Inc shares valued at $44,400 were divested by the Chief Financial Officer at a price of $5.92 per share. As a result of the transaction, Neeser Jordan now holds 47,500 shares, worth roughly $0.33 million.
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 Friday, Ivanhoe Electric Inc [AMEX:IE] saw its stock jump 10.27% to $6.98. Over the last five days, the stock has gained 15.37%. Ivanhoe Electric Inc shares have fallen nearly -7.55% since the year began. Nevertheless, the stocks have fallen -20.32% over the past one year. While a 52-week high of $12.98 was reached on 01/06/25, a 52-week low of $5.34 was recorded on 03/10/25. SMA at 50 days reached $6.21, while 200 days put it at $8.24.
Levels Of Support And Resistance For IE Stock
The 24-hour chart illustrates a support level at 6.49, which if violated will result in even more drops to 6.00. On the upside, there is a resistance level at 7.25. A further resistance level may holdings at 7.52. The Relative Strength Index (RSI) on the 14-day chart is 64.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.96%. Stochastics %K at 87.75% indicates the stock is a selling.
How much short interest is there in Ivanhoe Electric Inc?
A steep rise in short interest was recorded in Ivanhoe Electric Inc stocks on 2025-02-28, growing by 0.54 million shares to a total of 8.71 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 8.17 million shares. There was a rise of 6.18%, which implies that there is a positive sentiment for the stock.
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.
