Matthew Weaver Sells 251,293 Shares of ioneer (NASDAQ:IONR) Stock

ioneer Ltd (NASDAQ:IONR) SVP Matthew Weaver sold 251,293 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 value 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 $1,242,968.21. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

ioneer Price Performance

IONR stock opened at $4.11 on Thursday. The stock’s 50 day simple moving average is $4.12 and its 200 day simple moving average is $4.32. ioneer Ltd has a 12-month low of $2.63 and a 12-month high of $8.20.

Hedge Funds Weigh In On ioneer

Several institutional investors have recently made changes to their positions in IONR. Marshall Wace LLP acquired a new stake in shares of ioneer during the 4th quarter worth approximately $793,000. GK Wealth Management LLC acquired a new position in ioneer during the 2nd quarter valued at approximately $139,000. Virtu Financial LLC bought a new position in ioneer during the 4th quarter worth $96,000. Millennium Management LLC bought a new position in ioneer during the 4th quarter worth $96,000. Finally, OLD Mission Capital LLC bought a new position in ioneer during the 4th quarter worth $88,000.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ioneer in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ioneer currently has a consensus rating of “Sell”.

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.