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

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

ioneer Stock Performance

Shares of IONR stock traded down $0.13 on Tuesday, reaching $4.16. The stock had a trading volume of 54,340 shares, 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 company has a 50 day simple moving average of $4.12 and a 200 day simple moving average of $4.32.

Analyst Ratings Changes

Separately, Weiss Ratings reissued 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.com, ioneer presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IONR. Marshall Wace LLP bought a new stake in shares of ioneer during the 4th quarter valued at $793,000. Virtu Financial LLC purchased a new stake in shares of ioneer in the 4th quarter worth $96,000. Millennium Management LLC bought a new position in ioneer in the 4th quarter worth $96,000. OLD Mission Capital LLC purchased a new position in ioneer during the fourth quarter valued at $88,000. Finally, HRT Financial LP purchased a new position in ioneer during the fourth quarter valued at $83,000.

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.