Lithium ION Energy (CVE:ION) Shares Down 25% – Time to Sell?
by Doug Wharley · The Cerbat GemLithium ION Energy Ltd. (CVE:ION – Get Free Report)’s share price dropped 25% on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 255,250 shares were traded during mid-day trading, an increase of 340% from the average daily volume of 58,035 shares. The stock had previously closed at C$0.04.
Lithium ION Energy Stock Performance
The stock’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The stock has a market capitalization of C$2.06 million, a PE ratio of -1.50 and a beta of -0.28.
About Lithium ION Energy
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. and changed its name to Lithium ION Energy Ltd. in August 2023. Lithium ION Energy Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.