Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per... IVAN.WS

Energy Financial Services

Ivanhoe Capital Acquisition Corp is a special purpose acquisition company that targets companies in the supply chain from the mine site to the end-user of electrification products and services, including in the transportation, e-mobility, electric propulsion, battery technology, and storage sectors. These include companies exploring for mining, processing, or refining metals necessary for electrification; and manufacturers of battery and battery components, electric grid component manufacturers, and producers of electric vehicles, parts, and battery storage.

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Ivanhoe Capital Acquisition Corp. Warrants each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per...

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Post by zoltar143on Dec 23, 2011 8:18pm

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Post# 19350168

FYI

Traders Get Bullish on Shares of Ivanhoe Energy, Shares Up 16.1% (IVAN)
Published on Fri, 12/23/2011 - 13:14
By Mallory Stone in Market movers, IVAN, ivanhoe energy, nasdaq:ivan, penny stocks

Ivanhoe Energy (NASDAQ:IVAN) is one of today's best performing low-priced stocks, up 16.1% to $1.08 on 3.2x average daily volume. Thus far today, Ivanhoe Energy has traded 2.3 million shares, vs. average volume of 718,000 shares per day. The stock has outperformed the Dow (16.1% to the Dow's 0.8%) and outperformed the S&P 500 (16.1% to the S&P's 0.7%) during today's trading.

Ivanhoe Energy, Inc. is an independent international oil and gas exploration and development company. The Company's technologies include upgrading heavy oil to light oil and converting natural gas to liquids. Ivanhoe operates in Canada the United States and China.

There is potential upside of 52.5% for shares of Ivanhoe Energy based on a current price of $1.08 and an average consensus analyst price target of $1.65. The stock should find initial resistance at its 50-day moving average (MA) of $1.08 and further resistance at its 200-day MA of $1.78.

Over the past year, Ivanhoe Energy has traded in a range of
.72 to $3.67 and is now at $1.08, 50% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.5% while the 200-day MA has slid 2.7%.