ioneer (NASDAQ:IONR) Issues Quarterly Earnings Results

ioneer (NASDAQ:IONR) released its earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports.

ioneer Trading Up 4.8%

NASDAQ IONR traded up $0.16 on Friday, reaching $3.49. The company had a trading volume of 127,661 shares, compared to its average volume of 119,641. ioneer has a 52 week low of $2.80 and a 52 week high of $8.20. The stock’s 50 day moving average is $3.91 and its 200-day moving average is $4.13.

Insider Transactions at ioneer

In other news, VP Chad Yeftich sold 706,781 shares of the company’s 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 completion of the sale, the vice president directly owned 6,386,671 shares of the company’s stock, valued at $702,533.81. This represents a 9.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,071,973 shares of company stock worth $117,917.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in ioneer during the fourth quarter valued at approximately $793,000. GK Wealth Management LLC bought a new position in shares of ioneer during the second quarter worth $139,000. Virtu Financial LLC bought a new position in shares of ioneer during the fourth quarter worth $96,000. Millennium Management LLC bought a new position in shares of ioneer during the fourth quarter worth $96,000. Finally, OLD Mission Capital LLC acquired a new position in shares of ioneer in the 4th quarter valued at $88,000.

Analysts Set New Price Targets

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

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.