Wall Street Zen Downgrades ioneer (NASDAQ:IONR) to Sell

ioneer (NASDAQ:IONR) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

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

ioneer Stock Performance

Shares of IONR stock opened at $2.79 on Friday. ioneer has a one year low of $2.79 and a one year high of $8.20. The company’s fifty day moving average price is $3.37 and its 200-day moving average price is $3.74.

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

Insider Buying and Selling at ioneer

In other news, VP Chad Yeftich sold 706,781 shares of ioneer stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $0.11, for a total value of $77,745.91. Following the sale, the vice president directly owned 6,386,671 shares of the company’s stock, valued at approximately $702,533.81. The trade was a 9.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew Weaver sold 251,293 shares of ioneer stock in a transaction dated Thursday, July 2nd. The stock was 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 in the company, valued at $1,242,968.21. This trade represents a 2.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,071,973 shares of company stock worth $117,917.

Institutional Trading of ioneer

Large investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of ioneer during the 4th quarter valued at approximately $793,000. Virtu Financial LLC bought a new stake in ioneer in the fourth quarter worth $96,000. Millennium Management LLC bought a new stake in ioneer in the fourth quarter worth $96,000. OLD Mission Capital LLC purchased a new stake in ioneer during the fourth quarter valued at $88,000. Finally, HRT Financial LP purchased a new stake 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.