This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Ivanhoe Energy Spikes on Huge Volume

(Ivanhoe Energy story updated for market closing price and volume)

VANCOUVER ( TheStreet) -- Shares of Vancouver-based oil producer Ivanhoe Energy (IVAN) spiked to more than seven times its average daily volume on Tuesday as Ivanhoe climbed above its 50-day and 200-day moving average prices.

Ivanhoe shares soared on the Tuesday market open to a near-52-week high of $2.99, and near the end of the trading session on Tuesday had hit a new 52-week high of $3.12. Ivanhoe shares ended Tuesday at $3.03, on volume of more than 7 million shares traded, versus an average daily volume of 640,000.

Ivanhoe 1-Year Stock Performance

Ivanhoe Stock Performance
(click on chart for more detail)

The gains in Ivanhoe Energy shares represented 13%, or 35 cents.

Ivanhoe Energy's previous 52-week high of $2.99 was attained on Oct. 12. Ivanhoe Energy has not experienced this level of trading since the two-day period of Oct. 9 and Oct. 12, when the oil producer achieved its previous 52-week high.

On Oct. 9 and Oct. 12, 11 million and five million shares of Ivanhoe Energy were traded, respectively. Trading in Ivanhoe Energy shares has only been above the 2 million share level -- for a full-day -- once since the October high.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
IVAN $0.23 8.49%
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%
TSLA $185.00 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs