ioneer (NASDAQ:IONR) VP Sells 706,781 Shares

ioneer Ltd (NASDAQ:IONR) 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 value of $77,745.91. Following the transaction, 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. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

ioneer Stock Performance

Shares of IONR traded down $0.13 during mid-day trading on Tuesday, hitting $4.16. The stock had a trading volume of 54,340 shares, compared to its average volume of 126,031. ioneer Ltd has a 52 week low of $2.63 and a 52 week high of $8.20. The business has a fifty day moving average price of $4.12 and a 200-day moving average price of $4.32.

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 investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new position in shares of ioneer in the fourth quarter valued at approximately $793,000. GK Wealth Management LLC purchased a new stake in ioneer in the 2nd quarter worth approximately $139,000. Virtu Financial LLC bought a new position in ioneer in the 4th quarter valued at $96,000. Millennium Management LLC purchased a new position in shares of ioneer during the 4th quarter valued at $96,000. Finally, OLD Mission Capital LLC purchased a new position in shares of ioneer during the 4th quarter valued at $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.