Ivanhoe Energy (IVAN) Announces Quarterly Earnings Results
Ivanhoe Energy (NASDAQ:IVAN) released its earnings data on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, Analyst Ratings Net reports.
Ivanhoe Energy (NASDAQ:IVAN) traded down 1.18% during mid-day trading on Monday, hitting $0.2252. The stock had a trading volume of 244,216 shares. Ivanhoe Energy has a 1-year low of $0.21 and a 1-year high of $0.99. The stock’s 50-day moving average is $0.31 and its 200-day moving average is $0.46. The company’s market cap is $25.9 million. Ivanhoe Energy also was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 576,952 shares, a drop of 37.1% from the July 15th total of 917,415 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 902,605 shares, the days-to-cover ratio is presently 0.6 days.
Ivanhoe Energy Inc (NASDAQ:IVAN) is an independent heavy oil development and production company.
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