Strength Seen in Ivanhoe Electric (IE): Can Its 7.9% Jump Turn into More Strength?

Ivanhoe Electric (IE) shares soared 7.9% in the last trading session to close at $10.84. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.5% gain over the past four weeks.The company’s shares have gained on the back of higher copper prices. Copper futures climbed 3.77% to a near two-month high of$ 4.84 per pound after Freeport-McMoRan Inc. (FCX) declared force majeure at its Grasburg mine in Indonesia. Mining operations have be ...