Lithium ION Energy (CVE:ION) Stock Price Up 25% – Here’s Why

Lithium ION Energy Ltd. (CVE:IONGet Free Report) shares were up 25% during trading on Monday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 127,000 shares were traded during mid-day trading, an increase of 224% from the average daily volume of 39,145 shares. The stock had previously closed at C$0.04.

Lithium ION Energy Price Performance

The firm’s fifty day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The company has a market capitalization of C$3.27 million, a price-to-earnings ratio of -1.67 and a beta of 1.45.

About Lithium ION Energy

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Lithium ION Energy Ltd. engages in the acquisition and exploration of mineral properties in Asia. It primarily explores for lithium deposits. Its flagship property is the Baavhai-Uul lithium brine project that covers an area approximately 63,000 hectares located in Mongolia. The company was formerly known as Ion Energy Ltd.

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