Chad Yeftich Sells 706,781 Shares of ioneer (NASDAQ:IONR) Stock

ioneer Ltd (NASDAQ:IONR) VP Chad Yeftich sold 706,781 shares of the stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $0.11, for a total transaction of $77,745.91. Following the completion of the transaction, the vice president owned 6,386,671 shares in the company, valued at approximately $702,533.81. This trade represents a 9.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

ioneer Stock Down 1.2%

NASDAQ:IONR opened at $4.11 on Thursday. The firm’s fifty day moving average is $4.12 and its two-hundred day moving average is $4.32. ioneer Ltd has a one year low of $2.63 and a one year high of $8.20.

Analyst Upgrades and Downgrades

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

Institutional Trading of ioneer

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in shares of ioneer during the 4th quarter valued at approximately $26,000. XTX Topco Ltd purchased a new stake in ioneer in the 4th quarter worth $54,000. Brookwood Investment Group LLC purchased a new stake in ioneer in the 4th quarter worth $55,000. Pekin Hardy Strauss Inc. acquired a new position in ioneer during the fourth quarter worth $77,000. Finally, HRT Financial LP acquired a new position in ioneer during the fourth quarter worth $83,000.

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.