ioneer (NASDAQ:IONR) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of ioneer (NASDAQ:IONR) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ioneer in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

ioneer Price Performance

Shares of IONR opened at $2.89 on Friday. ioneer has a one year low of $2.79 and a one year high of $8.20. The stock has a 50-day moving average price of $3.34 and a 200 day moving average price of $3.73.

ioneer (NASDAQ:IONR) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Insider Buying and Selling

In related news, VP Chad Yeftich sold 706,781 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 $77,745.91. Following the sale, the vice president owned 6,386,671 shares in the company, valued at $702,533.81. This represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Weaver sold 251,293 shares of the firm’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 completion of the sale, the senior vice president directly owned 11,299,711 shares in the company, 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. Insiders sold a total of 1,071,973 shares of company stock valued at $117,917 over the last quarter.

Institutional Investors Weigh In On ioneer

A hedge fund recently bought a new stake in ioneer stock. GK Wealth Management LLC bought a new stake in ioneer Ltd (NASDAQ:IONR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 32,034 shares of the company’s stock, valued at approximately $139,000.

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.