ioneer (NASDAQ:IONR) Announces Earnings Results

ioneer (NASDAQ:IONR) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, FiscalAI reports.

ioneer Stock Up 0.1%

Shares of IONR traded up $0.00 during trading hours on Friday, reaching $3.33. 28,861 shares of the stock traded hands, compared to its average volume of 118,919. The stock has a fifty day simple moving average of $3.92 and a 200 day simple moving average of $4.13. ioneer has a 52 week low of $2.80 and a 52 week high of $8.20.

Wall Street Analyst Weigh In

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

Insider Activity

In other ioneer news, VP Chad Yeftich sold 706,781 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total value of $77,745.91. Following the completion of the sale, the vice president directly owned 6,386,671 shares of the company’s stock, valued at approximately $702,533.81. This represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Matthew Weaver sold 251,293 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total transaction of $27,642.23. Following the completion of the sale, the senior vice president owned 11,299,711 shares of the company’s stock, valued at approximately $1,242,968.21. This trade represents a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,071,973 shares of company stock worth $117,917.

Hedge Funds Weigh In On ioneer

Several institutional investors have recently modified their holdings of the business. GK Wealth Management LLC purchased a new stake in shares of ioneer during the second quarter valued at approximately $139,000. Virtu Financial LLC purchased a new position in ioneer in the fourth quarter worth $96,000. XTX Topco Ltd bought a new position in ioneer in the 4th quarter valued at $54,000. OLD Mission Capital LLC bought a new position in ioneer in the 4th quarter valued at $88,000. Finally, Millennium Management LLC purchased a new stake in shares of ioneer during the 4th quarter valued at $96,000.

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.