ioneer (NASDAQ:IONR) Shares Down 9% – What’s Next?

ioneer Ltd (NASDAQ:IONR) fell 9% on Tuesday . The company traded as low as $5.81 and last traded at $5.94. 836,252 shares traded hands during trading, an increase of 1,028% from the average session volume of 74,160 shares. The stock had previously closed at $6.53.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ioneer in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, ioneer has a consensus rating of “Sell”.

ioneer Price Performance

The company has a 50-day moving average price of $3.64 and a 200 day moving average price of $3.44.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ioneer stock. GK Wealth Management LLC lifted its stake in ioneer Ltd (NASDAQ:IONR) by 37.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,700 shares of the company’s stock after acquiring an additional 10,750 shares during the period. GK Wealth Management LLC’s holdings in ioneer were worth $104,000 at the end of the most recent quarter.

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.