ioneer Ltd (NASDAQ:IONR – Get Free Report) VP Kenneth Coon sold 113,899 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $0.11, for a total value of $12,528.89. Following the completion of the transaction, the vice president owned 3,475,989 shares of the company’s stock, valued at $382,358.79. This represents a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
ioneer Stock Down 3.0%
ioneer stock opened at $4.16 on Wednesday. ioneer Ltd has a one year low of $2.63 and a one year high of $8.20. The business’s fifty day moving average is $4.12 and its 200 day moving average is $4.32.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ioneer in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On ioneer
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of ioneer in the 4th quarter worth $26,000. XTX Topco Ltd purchased a new stake in ioneer during the fourth quarter valued at $54,000. Brookwood Investment Group LLC bought a new position in ioneer in the fourth quarter valued at about $55,000. Pekin Hardy Strauss Inc. bought a new position in ioneer in the fourth quarter valued at about $77,000. Finally, HRT Financial LP purchased a new position in ioneer in the fourth quarter worth about $83,000.
ioneer Company Profile
ioneer Ltd. is a mineral exploration and development company focused on advancing its flagship Rhyolite Ridge lithium-boron project in Nevada. The company’s core business activities center on developing a vertically integrated supply of critical battery minerals, including lithium carbonate and boric acid, to support the growing electric vehicle and energy storage markets. ioneer’s Rhyolite Ridge project is one of the only known deposits globally that contains both lithium and boron in economically recoverable concentrations, positioning the company to deliver a differentiated product to downstream battery and industrial users.
Founded and listed on the Australian Securities Exchange in the late 2010s under its original name, the company rebranded to ioneer in 2018 to reflect a strategic focus on innovation in battery metals.
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