ioneer Ltd (NASDAQ:IONR – Get Free Report)’s share price traded down 2.2% during trading on Friday . The company traded as low as $3.08 and last traded at $3.08. 24,357 shares traded hands during trading, a decline of 79% from the average daily volume of 113,309 shares. The stock had previously closed at $3.15.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ioneer in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Analysis on ioneer
ioneer Stock Performance
ioneer (NASDAQ:IONR – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.03) EPS for the quarter.
Insider Transactions at ioneer
In other ioneer news, VP Chad Yeftich sold 706,781 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $0.11, for a total transaction of $77,745.91. Following the sale, the vice president directly owned 6,386,671 shares of the company’s stock, valued at $702,533.81. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Matthew Weaver sold 251,293 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $0.11, for a total value of $27,642.23. Following the sale, the senior vice president directly owned 11,299,711 shares in the company, valued at $1,242,968.21. The trade was a 2.18% 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 valued at $117,917.
Hedge Funds Weigh In On ioneer
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in shares of ioneer during the 4th quarter valued at approximately $793,000. GK Wealth Management LLC purchased a new position in ioneer during the second quarter worth $139,000. Virtu Financial LLC bought a new position in ioneer during the fourth quarter valued at $96,000. Millennium Management LLC purchased a new stake in shares of ioneer in the fourth quarter valued at $96,000. Finally, OLD Mission Capital LLC bought a new stake in shares of ioneer in the 4th quarter worth about $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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