ioneer (NASDAQ:IONR) Trading 0.5% Higher – Here’s Why

ioneer Ltd (NASDAQ:IONR)’s share price traded up 0.5% during trading on Tuesday . The stock traded as high as $4.36 and last traded at $4.26. 60,427 shares were traded 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

IONR has been the subject of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of ioneer in a report on Wednesday, October 8th. Wall Street Zen raised shares of ioneer to a “hold” rating in a research report on Saturday, November 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

ioneer Price Performance

The company has a 50-day moving average price of $4.88 and a 200 day moving average price of $3.79.

Institutional Trading of ioneer

A hedge fund recently raised its stake in ioneer stock. GK Wealth Management LLC raised its position in shares of ioneer Ltd (NASDAQ:IONR) by 37.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,700 shares of the company’s stock after buying an additional 10,750 shares during the quarter. GK Wealth Management LLC’s holdings in ioneer were worth $104,000 at the end of the most recent reporting period.

ioneer Company Profile

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.