Lithium ION Energy (CVE:ION) Trading Down 25% – Here’s What Happened

by · The Cerbat Gem

Lithium ION Energy Ltd. (CVE:ION – Get Free Report)’s share price dropped 25% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 255,250 shares traded hands during 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 has a market cap of C$2.06 million, a P/E ratio of -1.50 and a beta of -0.28. The business has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04.

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. 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.

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