New insider activity at Ivanhoe Electric Inc. ( (IE) ) has taken place on March 8, 2025.
CFO Neeser Jordan has made a significant investment in Ivanhoe Electric Inc. by purchasing 10,000 shares of the company’s stock. This transaction is valued at $58,775, indicating a strong vote of confidence in the company’s future prospects.
Recent Updates on IE stock
Ivanhoe Electric Inc. recently closed a public offering, raising approximately $69 million to advance the Santa Cruz Project, land acquisitions, and other corporate purposes. This move is expected to bolster the company’s position in the energy and mining sector. The offering, managed by BMO Capital, aims to fund a preliminary feasibility study for the Santa Cruz Project and other exploration activities. Despite these developments, JPMorgan lowered its price target for Ivanhoe Electric, reflecting market conditions and company announcements. The company’s year-to-date price performance shows a decline, but the technical sentiment consensus remains a ‘Buy’.
More about Ivanhoe Electric Inc.
YTD Price Performance: -26.82%
Average Trading Volume: 656,198
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $790.1M