ioneer (NASDAQ:IONR) Stock Price Up 0.3% – Still a Buy?

Shares of ioneer Ltd (NASDAQ:IONRGet Free Report) were up 0.3% on Friday . The company traded as high as $3.56 and last traded at $3.50. 65,171 shares changed hands during trading, a decline of 45% from the average session volume of 117,826 shares. The stock had previously closed at $3.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ioneer in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ioneer currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on ioneer

ioneer Price Performance

The company’s 50-day moving average is $3.85 and its 200-day moving average is $4.05.

ioneer (NASDAQ:IONRGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.03) earnings per share for the quarter.

Insider Buying and Selling at ioneer

In other ioneer news, SVP Matthew Weaver sold 251,293 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $0.11, for a total transaction of $27,642.23. Following the completion of the transaction, the senior vice president directly owned 11,299,711 shares in the company, valued at $1,242,968.21. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Chad Yeftich sold 706,781 shares of ioneer stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total value of $77,745.91. Following the transaction, the vice president directly owned 6,386,671 shares of the company’s stock, valued at approximately $702,533.81. The trade was a 9.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,071,973 shares of company stock worth $117,917.

Institutional Investors Weigh In On ioneer

Large investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in ioneer during the 4th quarter valued at about $26,000. XTX Topco Ltd bought a new stake in ioneer during the fourth quarter worth about $54,000. Brookwood Investment Group LLC bought a new stake in ioneer during the fourth quarter worth about $55,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of ioneer during the fourth quarter worth approximately $77,000. Finally, HRT Financial LP acquired a new stake in shares of ioneer during the fourth quarter worth approximately $83,000.

ioneer Company Profile

(Get Free Report)

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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