Ivanhoe Mines Stock Falls On Unusually High Volume (IVN)
NEW YORK (TheStreet) -- Ivanhoe Mines (NYSE:IVN) is trading at unusually high volume Thursday with six million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 78 cents (-3.4%) at $22.23 as of 4:01 p.m. ET.
Ivanhoe Mines has a market cap of $15.4 billion and is part of the basic materials sector and metals & mining industry. Shares are up 0.4% year to date as of the close of trading on Wednesday.
Ivanhoe Mines Ltd., through its subsidiaries, operates as a mineral exploration and development company. The company's principal mineral resource property is the Oyu Tolgoi copper and gold mine development 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 solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and weak operating cash flow. 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.
Ivanhoe Mines has a market cap of $15.4 billion and is part of the basic materials sector and metals & mining industry. Shares are up 0.4% year to date as of the close of trading on Wednesday.
Ivanhoe Mines Ltd., through its subsidiaries, operates as a mineral exploration and development company. The company's principal mineral resource property is the Oyu Tolgoi copper and gold mine development 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 solid stock price performance, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and weak operating cash flow. 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.
Comments
Post a Comment