ioneer (NASDAQ:IONR) Trading Up 0.3% – Should You Buy?

Shares of ioneer Ltd (NASDAQ:IONR) traded up 0.3% on Friday . The stock traded as high as $3.56 and last traded at $3.50. 65,171 shares were traded during trading, a decline of 45% from the average session volume of 117,826 shares. The stock had previously closed at $3.49.

Wall Street Analyst Weigh In

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

ioneer Price Performance

The stock’s 50-day moving average is $3.85 and its 200 day moving average is $4.05.

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

Insider Transactions at ioneer

In other news, VP Chad Yeftich sold 706,781 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was 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. The trade was a 9.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Weaver sold 251,293 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 $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 approximately $1,242,968.21. This trade represents a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,071,973 shares of company stock worth $117,917 in the last quarter.

Hedge Funds Weigh In On ioneer

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in ioneer in the 4th quarter valued at $26,000. XTX Topco Ltd purchased a new position in ioneer during the 4th quarter worth $54,000. Brookwood Investment Group LLC acquired a new position in ioneer in the fourth quarter valued at $55,000. Pekin Hardy Strauss Inc. acquired a new position in ioneer in the fourth quarter valued at $77,000. Finally, HRT Financial LP purchased a new stake in shares of ioneer in the fourth quarter valued at about $83,000.

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.