ioneer (NASDAQ:IONR) VP Sells $12,528.89 in Stock

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

ioneer Stock Performance

Shares of IONR stock opened at $4.17 on Friday. ioneer Ltd has a twelve month low of $2.64 and a twelve month high of $8.20. The stock’s fifty day simple moving average is $4.13 and its 200 day simple moving average is $4.32.

Institutional Investors Weigh In On ioneer

A number of hedge funds have recently added to or reduced their stakes in IONR. Marshall Wace LLP acquired a new position in ioneer in the fourth quarter valued at approximately $793,000. Virtu Financial LLC acquired a new stake in shares of ioneer during the 4th quarter worth approximately $96,000. Millennium Management LLC acquired a new stake in shares of ioneer during the 4th quarter worth approximately $96,000. OLD Mission Capital LLC bought a new stake in shares of ioneer in the 4th quarter valued at $88,000. Finally, HRT Financial LP bought a new stake in shares of ioneer in the 4th quarter valued at $83,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ioneer in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.