Lithium ION Energy (CVE:ION) Trading Down 11.1% – Time to Sell?

by · The Markets Daily

Lithium ION Energy Ltd. (CVE:ION – Get Free Report) shares dropped 11.1% on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 205,438 shares changed hands during trading, an increase of 262% from the average daily volume of 56,809 shares. The stock had previously closed at C$0.05.

Lithium ION Energy Stock Down 11.1%

The business’s 50 day moving average is C$0.05 and its two-hundred day moving average is C$0.04. The firm has a market cap of C$2.75 million, a P/E ratio of -2.00 and a beta of -0.06.

Lithium ION Energy Company Profile

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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.

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