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

ioneer Ltd (NASDAQ:IONR) VP Kenneth Coon sold 113,899 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $382,358.79. The trade was a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ioneer Stock Performance

Shares of NASDAQ IONR opened at $4.11 on Thursday. ioneer Ltd has a twelve month low of $2.63 and a twelve month high of $8.20. The company has a 50 day moving average of $4.12 and a 200 day moving average of $4.32.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On ioneer

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in shares of ioneer during the 4th quarter valued at $26,000. Brookwood Investment Group LLC bought a new stake in shares of ioneer in the fourth quarter worth $55,000. Pekin Hardy Strauss Inc. purchased a new stake in ioneer during the fourth quarter valued at $77,000. HRT Financial LP purchased a new stake in ioneer during the fourth quarter valued at $83,000. Finally, Marshall Wace LLP bought a new position in ioneer in the fourth quarter valued at about $793,000.

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.