ioneer Ltd (OTCMKTS:GSCCF – Get Rating) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 4,786,000 shares, an increase of 38.6% from the March 31st total of 3,452,900 shares. Based on an average trading volume of 444,500 shares, the days-to-cover ratio is currently 10.8 days.
Shares of OTCMKTS GSCCF traded up 0.02 during mid-day trading on Friday, hitting 0.49. 21,900 shares of the stock traded hands, compared to its average volume of 176,923. ioneer has a twelve month low of 0.21 and a twelve month high of 0.64. The firm’s 50 day simple moving average is 0.46.
Separately, Canaccord Genuity Group downgraded ioneer from a “buy” rating to a “hold” rating in a report on Monday, January 24th.
ioneer Ltd explores for and develops mineral properties in North America. It owns 100% interest in the Rhyolite Ridge lithium-boron project located in Nevada, the United States. The company was formerly known as Global Geoscience Limited and changed its name to ioneer Ltd in November 2018. ioneer Ltd was incorporated in 2001 and is based in North Sydney, Australia.
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