ioneer (NASDAQ:IONR) Issues Quarterly Earnings Results

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

ioneer Stock Performance

Shares of NASDAQ:IONR traded up $0.11 during trading on Thursday, hitting $3.33. 59,269 shares of the company’s stock were exchanged, compared to its average volume of 119,527. The business’s 50-day simple moving average is $3.94 and its 200 day simple moving average is $4.15. ioneer has a 52-week low of $2.80 and a 52-week high of $8.20.

Insider Buying and Selling

In other ioneer news, SVP Matthew Weaver sold 251,293 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 11,299,711 shares in the company, valued at $1,242,968.21. This represents a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Chad Yeftich sold 706,781 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 $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. This trade represents a 9.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,071,973 shares of company stock worth $117,917.

Hedge Funds Weigh In On ioneer

Institutional investors have recently bought and sold shares of the stock. GK Wealth Management LLC purchased a new stake in ioneer in the 2nd quarter worth $139,000. Virtu Financial LLC purchased a new position in shares of ioneer during the fourth quarter valued at about $96,000. XTX Topco Ltd purchased a new position in shares of ioneer during the fourth quarter valued at about $54,000. OLD Mission Capital LLC bought a new stake in shares of ioneer in the fourth quarter worth about $88,000. Finally, Millennium Management LLC bought a new stake in shares of ioneer in the fourth quarter worth about $96,000.

Analyst Ratings Changes

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, According to data from MarketBeat.com, ioneer has an average rating of “Sell”.

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.