Ivanhoe Mines Ltd. (IVN:CA) Declines 5.02% for September 13

Equities Staff |

It was a tough day for Ivanhoe Mines Ltd. (IVN:CA) as its stock fell 5.02% to finish the day at $4.35 a share on September 13. That reduces the company’s market cap to 3.42 billion on 786.38 million outstanding shares. Ivanhoe Mines Ltd. is a component of the the S&P/TSX SmallCap Index.

1.32 million shares exchanged hands over the course of the day as compared with an average daily volume of 1.38 million over the last 30 days.

Ivanhoe Mines Ltd. is a mineral exploration and development company. It primarily engages in exploring, developing and recovering activities for minerals and precious gems from its property interests located in Africa.. Ivanhoe Mines Ltd. makes its home in Vancouver, BC, and currently has CEO Lars-Eric Johansson at the helm.

The past 52 weeks have seen the stock trade in a range between a high of $5.47 and a low of $1.83, and it’s currently sporting a 50-day SMA of $4.55 and a 200-day SMA of $4.11. The current P/E ratio stands at 0, with a P/B ratio of 2.61.

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Ivanhoe Mines Ltd. ($IVN:CA) is one of the 200 Canadian small-cap stocks that make up the S&P500/TSX SmallCap Index, the widely recognized benchmark for gauging the performance of the Canadian small-cap market. Similar to the Russell 2000 in the United States, the index is market cap-weighted and consists only of smaller companies. To be a part of the index, a company must have a market capitalization between C$100 million and C$1.5 billion with an average share price of C$1 or more.

To get more information on Ivanhoe Mines Ltd. and to follow the company’s latest updates, you can visit the company’s profile page here: IVN:CA’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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