NEW YORK (
) is trading at unusually high volume Monday with 8.1 million shares changing hands. It is currently at four times its average daily volume and trading down $3.27 (-20.4%) at $12.74 as of 2:30 p.m. ET.
Ivanhoe Mines has a market cap of $11.5 billion and is part of the
industry. Shares are down 29.6% year to date as of the close of trading on Friday.
Ivanhoe Mines Ltd. operates as an exploration and development company. The company's principal mineral resource property is Oyu Tolgoi copper-gold-silver project located in southern Mongolia.
TheStreet Ratings rates Ivanhoe Mines as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full
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