Ivanhoe Electric Inc. (NYSEAMERICAN:IE – Get Rating) major shareholder I-Pulse Inc. sold 416,666 shares of the company’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of 8.00, for a total value of 3,333,328.00. Following the completion of the transaction, the insider now owns 9,755,495 shares in the company, valued at approximately 78,043,960. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
I-Pulse Inc. also recently made the following trade(s):
- On Friday, September 16th, I-Pulse Inc. sold 833,332 shares of Ivanhoe Electric stock. The shares were sold at an average price of 8.00, for a total value of 6,666,656.00.
Ivanhoe Electric Trading Up 4.9 %
Shares of NYSEAMERICAN IE opened at 8.86 on Friday. Ivanhoe Electric Inc. has a 52 week low of 7.01 and a 52 week high of 12.04.
Analyst Ratings Changes
Institutional Investors Weigh In On Ivanhoe Electric
Several large investors have recently made changes to their positions in the company. UBS Group AG bought a new stake in Ivanhoe Electric during the second quarter worth approximately $26,000. Citadel Advisors LLC bought a new stake in Ivanhoe Electric during the second quarter worth approximately $117,000. Virtu Financial LLC bought a new stake in Ivanhoe Electric during the second quarter worth approximately $128,000. Jane Street Group LLC bought a new stake in Ivanhoe Electric during the second quarter worth approximately $162,000. Finally, Federated Hermes Inc. bought a new stake in Ivanhoe Electric during the second quarter worth approximately $261,000. Institutional investors own 35.34% of the company’s stock.
About Ivanhoe Electric
Ivanhoe Electric Inc operates as a mineral exploration and development company in the United States. It operates through Critical Metals, Technology, and Energy Storage. The company holds 84.6% interests in the Tintic copper-gold project covering an area of 65 square kilometers located in Utah. It also holds an option to acquire a 100% interest in the Santa Cruz copper project covering an area of 77.59 square kilometers located in Arizona; 75% interest in the Hog Heaven silver-gold-copper project covering an area of 24.2 square kilometers located in Montana; and 60% interest in the Ivory Coast project covering an area of 1,125 square kilometers located in the Ivory Coast.
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