Ivanhoe Electric (IE) Stock Jumps 12.0%: Will It Continue to Soar?

Ivanhoe Electric (IE) shares soared 12% in the last trading session to close at $11.4. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 26.6% gain over the past four weeks.In the March-end quarter, Ivanhoe Electric posted revenues of $0.73 million, which marked a 104% year-over-year increase from $0.36 reported in the prior year quarter. The gross profit in the quarter surged 70% year-over-year to $0.44 million in the March-end qu ...