ioneer (NASDAQ:IONR) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of ioneer (NASDAQ:IONR) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ioneer in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ioneer has an average rating of “Sell”.

ioneer Stock Up 1.7%

NASDAQ:IONR opened at $2.93 on Friday. ioneer has a twelve month low of $2.79 and a twelve month high of $8.20. The business has a 50 day moving average price of $3.19 and a two-hundred day moving average price of $3.67.

ioneer (NASDAQ:IONR) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.03) earnings per share for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ioneer stock. GK Wealth Management LLC purchased a new position in shares of ioneer Ltd (NASDAQ:IONR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 32,034 shares of the company’s stock, valued at approximately $139,000.

About ioneer

ioneer Ltd. is a mineral development company focused on advancing domestic sources of lithium and boron in the United States. The company’s primary asset is the Rhyolite Ridge Lithium-Boron Project in Esmeralda County, Nevada, which is designed to produce lithium carbonate for use in electric vehicle batteries and boric acid for industrial applications such as glass, ceramics and construction materials.

Rhyolite Ridge is a fully permitted development project located in the Silver Peak area of Nevada.