ioneer (NASDAQ:IONR) VP Sells 113,899 Shares of Stock

ioneer Ltd (NASDAQ:IONR) VP Kenneth Coon sold 113,899 shares of ioneer stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total value of $12,528.89. Following the transaction, the vice president directly owned 3,475,989 shares in the company, valued at approximately $382,358.79. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

ioneer Trading Down 3.0%

Shares of NASDAQ:IONR traded down $0.13 during mid-day trading on Tuesday, reaching $4.16. 54,340 shares of the company traded hands, compared to its average volume of 126,031. The company’s 50 day moving average price is $4.12 and its 200-day moving average price is $4.32. ioneer Ltd has a 52 week low of $2.63 and a 52 week high of $8.20.

Hedge Funds Weigh In On ioneer

Several large investors have recently made changes to their positions in IONR. Marshall Wace LLP bought a new position in shares of ioneer in the fourth quarter worth about $793,000. Virtu Financial LLC bought a new stake in ioneer during the 4th quarter valued at approximately $96,000. Millennium Management LLC bought a new stake in ioneer during the 4th quarter valued at approximately $96,000. OLD Mission Capital LLC purchased a new position in ioneer in the 4th quarter worth approximately $88,000. Finally, HRT Financial LP purchased a new position in ioneer in the 4th quarter worth approximately $83,000.

Analysts Set New Price Targets

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

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.