| Ivanhoe shares hit new low |
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Source: Wall Street Journal Date: 29 September, 2011 Perhaps concerns about the state of the Oyu Tolgoi project and copper prices may have gotten investors nervous.Ivanhoe Mines stock hit a 52-week low this week at USD 16.97, below its previous 52-week low of USD 17. Ivanhoe Mines has a market cap of USD 13.9 billion. A total 38 million shares traded last Wednesday. Average volume has been 1.9 million shares over the past 90 days. Shares are down 14.4 percent from last year.Ivanhoe Mines operates as an exploration and development company. Its principal resource property is the Oyu Tolgoi copper and gold project in Umnugobi Aimag. |