- Ivanhoe Energy (NASDAQ:IVAN-OLD) 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.