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nlightn

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nlightn

Re: None

Friday, 08/29/2014 6:02:27 PM

Friday, August 29, 2014 6:02:27 PM

Post# of 364050

$IVAN,...Ivanhoe Energy can't explain 55% jump in today's trade

Ivanhoe Energy (NASDAQ:IVAN) finished 55% higher today for no apparent reason, and the company stated it was unaware of any factors other than previously announced news that would explain why the stock soared on ~130x typical daily volume.

IVAN pointed to Wednesday's news confirming its intention to engage in a new services contract to develop the Block 20 oilfield development project in Ecuador, but shares had gained only ~8% in the following two days.

Despite today's move, shares are -47% YTD.

invest at your own risk, based on your own due diligence, at your own risk tolerance

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