ioneer (NASDAQ:IONR) SVP Matthew Weaver Sells 251,293 Shares of Stock

ioneer Ltd (NASDAQ:IONR) 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ioneer Stock Performance

NASDAQ:IONR opened at $4.16 on Wednesday. ioneer Ltd has a 52-week low of $2.63 and a 52-week high of $8.20. The stock’s 50 day moving average price is $4.12 and its 200 day moving average price is $4.32.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On ioneer

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 fourth quarter worth about $26,000. Brookwood Investment Group LLC purchased a new stake in ioneer during the 4th quarter valued at approximately $55,000. Pekin Hardy Strauss Inc. acquired a new stake in ioneer during the 4th quarter worth approximately $77,000. HRT Financial LP acquired a new stake in ioneer during the 4th quarter worth approximately $83,000. Finally, Marshall Wace LLP purchased a new position in shares of ioneer in the 4th quarter valued at approximately $793,000.

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.