Insider Selling: Ivanhoe Mines Ltd. (TSE:IVN) Director Sells 2,080 Shares of Stock

Ivanhoe Mines Ltd. (TSE:IVNGet Rating) Director Louis Kabamba Watum sold 2,080 shares of the stock in a transaction dated Tuesday, January 24th. The stock was sold at an average price of C$12.34, for a total transaction of C$25,667.20. Following the completion of the transaction, the director now directly owns 14,177 shares of the company’s stock, valued at approximately C$174,944.18.

Louis Kabamba Watum also recently made the following trade(s):

  • On Thursday, January 19th, Louis Kabamba Watum sold 65,539 shares of Ivanhoe Mines stock. The stock was sold at an average price of C$11.82, for a total transaction of C$774,670.98.
  • On Friday, November 25th, Louis Kabamba Watum sold 14,000 shares of Ivanhoe Mines stock. The stock was sold at an average price of C$11.22, for a total transaction of C$157,010.00.

Ivanhoe Mines Stock Performance

TSE:IVN remained flat at C$12.40 during mid-day trading on Wednesday. 1,190,117 shares of the company traded hands, compared to its average volume of 1,189,262. Ivanhoe Mines Ltd. has a 52-week low of C$6.41 and a 52-week high of C$13.15. The company has a debt-to-equity ratio of 18.52, a current ratio of 21.86 and a quick ratio of 20.86. The firm has a market cap of C$15.05 billion and a P/E ratio of 26.38. The company has a fifty day simple moving average of C$11.43 and a two-hundred day simple moving average of C$9.67.

Ivanhoe Mines (TSE:IVNGet Rating) last posted its quarterly earnings results on Monday, November 14th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.08 by C($0.03). On average, equities analysts anticipate that Ivanhoe Mines Ltd. will post 0.7 earnings per share for the current fiscal year.

About Ivanhoe Mines

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Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.

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