Ivanhoe Electric Inc (IE)

Overview News Price History Option Chain Why IE Down? Discussions Forecast

Why is Ivanhoe Electric Inc (IE) Stock down?

We've noticed a 5.13% decline in Ivanhoe Electric Inc (IE) stock during the 2024-09-20 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

14 Sep, 2023:

Ivanhoe Electric Inc. (IE) saw a 12.28% drop, falling to $13.50. The decline follows the pricing of the company's public offering of 11,851,852 common shares at $13.50 per share.

https://finance.yahoo.com/news/ivanhoe-electric-announces-pricing-upsizing-062500360.html

19 May, 2023:

IE's stock fell 8.30% due to its financial report. The company's return on average invested assets (ROI) decreased to 77.55% in the first quarter of 2023, down from 76.1% in the previous quarter. This decline is largely due to a decrease in net income, which should send warning signals to those considering investing in this company. The declining ROI, limited revenue, and reduced net income all suggest that this company is struggling to compete in its industry and generate sufficient profits to support its operations.

https://csimarket.com/stocks/news.php?code=IE&date=2023-05-16182502