Lithium ION Energy (CVE:ION) Trading Down 11.1% – Time to Sell?

Lithium ION Energy Ltd. (CVE:IONGet Free Report)’s stock price dropped 11.1% during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 205,438 shares traded hands during trading, an increase of 262% from the average daily volume of 56,809 shares. The stock had previously closed at C$0.05.

Lithium ION Energy Stock Performance

The stock has a market capitalization of C$2.75 million, a price-to-earnings ratio of -2.00 and a beta of -0.06. The company has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.04.

About Lithium ION Energy

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Lithium ION Energy Ltd. engages in the acquisition and exploration of mineral properties in Asia. It primarily explores for lithium deposits. Its flagship property is the Baavhai-Uul lithium brine project that covers an area approximately 63,000 hectares located in Mongolia. The company was formerly known as Ion Energy Ltd.

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