ioneer (NASDAQ:IONR) Trading Down 2.2% – Here’s Why

Shares of ioneer Ltd (NASDAQ:IONR) were down 2.2% on Friday . The stock traded as low as $3.08 and last traded at $3.08. Approximately 24,357 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 113,309 shares. The stock had previously closed at $3.15.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, ioneer currently has a consensus rating of “Sell”.

ioneer Stock Performance

The company’s 50 day moving average price is $3.60 and its 200 day moving average price is $3.83.

ioneer (NASDAQ:IONR) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.03) EPS 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 shares were 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 of the company’s stock, valued at $1,242,968.21. This represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Chad Yeftich sold 706,781 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total transaction 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 trade represents a 9.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,071,973 shares of company stock worth $117,917.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in shares of ioneer during the fourth quarter valued at about $26,000. XTX Topco Ltd acquired a new stake in ioneer during the fourth quarter worth about $54,000. Pekin Hardy Strauss Inc. acquired a new stake in ioneer during the fourth quarter worth about $77,000. HRT Financial LP acquired a new stake in ioneer during the fourth quarter worth about $83,000. Finally, OLD Mission Capital LLC bought a new position in ioneer during the fourth quarter valued at about $88,000.

About ioneer

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.