Insider Selling: ioneer (NASDAQ:IONR) SVP Sells 251,293 Shares

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

ioneer Price Performance

NASDAQ:IONR traded down $0.13 during trading hours on Tuesday, hitting $4.16. 54,340 shares of the stock traded hands, compared to its average volume of 126,031. ioneer Ltd has a 1 year low of $2.63 and a 1 year high of $8.20. The stock has a 50 day moving average price of $4.12 and a 200 day moving average price of $4.32.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

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