ioneer Ltd (NASDAQ:IONR – Get Free Report) SVP Matthew Weaver sold 251,293 shares of ioneer stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $0.11, for a total value of $27,642.23. Following the completion of the sale, the senior vice president directly owned 11,299,711 shares in the company, valued at $1,242,968.21. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
ioneer Price Performance
Shares of NASDAQ:IONR traded down $0.13 during mid-day trading on Tuesday, reaching $4.16. The stock had a trading volume of 54,340 shares, compared to its average volume of 126,031. The business’s 50 day moving average price is $4.12 and its 200 day moving average price is $4.32. ioneer Ltd has a 1 year low of $2.63 and a 1 year high of $8.20.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ioneer in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ioneer has an average rating of “Sell”.
Institutional Trading of ioneer
A number of large investors have recently made changes to their positions in IONR. Marshall Wace LLP bought a new position in shares of ioneer in the 4th quarter valued at about $793,000. GK Wealth Management LLC bought a new stake in ioneer during the second quarter worth approximately $139,000. Virtu Financial LLC purchased a new stake in ioneer during the fourth quarter valued at approximately $96,000. Millennium Management LLC purchased a new stake in ioneer during the fourth quarter valued at approximately $96,000. Finally, OLD Mission Capital LLC bought a new stake in shares of ioneer in the 4th quarter valued at approximately $88,000.
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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