ioneer (NASDAQ:IONR) Shares Up 0.5% – Here’s What Happened

by · The Cerbat Gem

ioneer Ltd (NASDAQ:IONR – Get Free Report)’s share price shot up 0.5% during trading on Tuesday . The company traded as high as $4.36 and last traded at $4.26. 60,427 shares changed hands during trading, a decline of 47% from the average session volume of 113,934 shares. The stock had previously closed at $4.24.

Analysts Set New Price Targets

A number of brokerages recently commented on IONR. Wall Street Zen upgraded ioneer to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings restated a “sell (e+)” rating on shares of ioneer in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Read Our Latest Stock Analysis on ioneer

ioneer Trading Up 12.4%

The company’s 50-day moving average is $4.90 and its 200 day moving average is $3.80.

Institutional Investors Weigh In On ioneer

A hedge fund recently raised its stake in ioneer stock. GK Wealth Management LLC increased its holdings in ioneer Ltd (NASDAQ:IONR – Free Report) by 88.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,950 shares of the company’s stock after purchasing an additional 13,600 shares during the quarter. GK Wealth Management LLC’s holdings in ioneer were worth $113,000 at the end of the most recent reporting period.

About ioneer

(Get Free Report)

ioneer Ltd explores for and develops mineral properties in North America. Its flagship property is the Rhyolite Ridge lithium-boron project located in the state of Nevada, the United States. The company was formerly known as Global Geoscience Limited and changed its name to ioneer Ltd in November 2018.

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