Key Points
- ioneer VP Chad Yeftich sold 706,781 shares on July 2 at an average price of $0.11, generating about $77,746 and trimming his stake by nearly 10%.
- The sale left Yeftich with 6,386,671 shares, valued at roughly $702,534, according to the SEC filing.
- Market sentiment remains weak: ioneer currently has a consensus Sell rating, while the stock was last reported at $4.16, below its 200-day moving average of $4.32.
ioneer Ltd (NASDAQ:IONR - Get Free Report) VP Kenneth Coon sold 113,899 shares of the business's stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total transaction of $12,528.89. Following the sale, the vice president owned 3,475,989 shares of the company's stock, valued at $382,358.79. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
ioneer Stock Down 3.0%
Shares of IONR stock opened at $4.16 on Wednesday. ioneer Ltd has a 12 month low of $2.63 and a 12 month high of $8.20. The company has a 50 day simple moving average of $4.12 and a two-hundred day simple moving average of $4.32.
Institutional Investors Weigh In On ioneer
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IONR. Bank of America Corp DE purchased a new position in ioneer during the fourth quarter valued at approximately $26,000. XTX Topco Ltd purchased a new stake in shares of ioneer in the fourth quarter worth $54,000. Brookwood Investment Group LLC purchased a new stake in shares of ioneer in the fourth quarter worth $55,000. Pekin Hardy Strauss Inc. bought a new stake in shares of ioneer during the 4th quarter valued at $77,000. Finally, HRT Financial LP bought a new stake in shares of ioneer during the 4th quarter valued at $83,000.
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, According to data from MarketBeat, ioneer currently has a consensus rating of "Sell".
View Our Latest Research Report on ioneer
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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