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Ivanhoe Energy Lower on $4.1 Million Q2 Loss

Ivanhoe Energy (IE.TO) shares were lower in the United States at US$1.37 but were unchanged on the Toronto Stock Exchange at $1.37 after the company announced that it had a net loss of $4.1 million for the second quarter, partly due to higher expenses. In the previous year, the company reported net income of $9.3 million.

The company said revenues were $9.5 million, compared to $6.1 million a year earlier on higher commodity prices and increased production.

Companies: Ivanhoe Energy Inc.

Price: US$1.37. Price Change: -0.02. Percent Change: -1.4.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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