Ivanhoe Mines Stock Falls On Unusually High Volume (IVN)
NEW YORK (TheStreet) -- Ivanhoe Mines (NYSE:IVN) is trading at unusually high volume Monday with 8.1 million shares changing hands. It is currently at four times its average daily volume and trading down $3.27 (-20.4%) at $12.74 as of 2:30 p.m. ET.
Ivanhoe Mines has a market cap of $11.5 billion and is part of the basic materials sector and metals & mining industry. Shares are down 29.6% year to date as of the close of trading on Friday.
Ivanhoe Mines Ltd. operates as an exploration and development company. The company's principal mineral resource property is Oyu Tolgoi copper-gold-silver project located in southern Mongolia.
TheStreet Ratings rates Ivanhoe Mines as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Ivanhoe Mines Ratings Report.
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Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
Ivanhoe Mines has a market cap of $11.5 billion and is part of the basic materials sector and metals & mining industry. Shares are down 29.6% year to date as of the close of trading on Friday.
Ivanhoe Mines Ltd. operates as an exploration and development company. The company's principal mineral resource property is Oyu Tolgoi copper-gold-silver project located in southern Mongolia.
TheStreet Ratings rates Ivanhoe Mines as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Ivanhoe Mines Ratings Report.
See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
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