Chad Yeftich Sells 706,781 Shares of ioneer (NASDAQ:IONR) Stock

ioneer Ltd (NASDAQ:IONR) VP Chad Yeftich sold 706,781 shares of ioneer stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total value of $77,745.91. Following the sale, the vice president 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

ioneer Trading Down 3.0%

IONR traded down $0.13 on Tuesday, reaching $4.16. The company had a trading volume of 54,340 shares, compared to its average volume of 126,031. ioneer Ltd has a 52-week low of $2.63 and a 52-week high of $8.20. The business has a 50 day simple moving average of $4.12 and a 200 day simple moving average of $4.32.

Institutional Trading of ioneer

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in ioneer in the fourth quarter worth approximately $26,000. XTX Topco Ltd purchased a new position in shares of ioneer during the fourth quarter worth approximately $54,000. Brookwood Investment Group LLC bought a new stake in shares of ioneer in the 4th quarter worth approximately $55,000. Pekin Hardy Strauss Inc. bought a new stake in shares of ioneer in the 4th quarter worth approximately $77,000. Finally, HRT Financial LP purchased a new stake in shares of ioneer in the 4th quarter valued at $83,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ioneer in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus 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.