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

ioneer Ltd (NASDAQ:IONR) traded up 0.5% during mid-day trading on Tuesday . The stock traded as high as $4.36 and last traded at $4.26. 60,427 shares were traded during mid-day trading, a decline of 47% from the average session volume of 113,934 shares. The stock had previously closed at $4.24.

Wall Street Analyst Weigh In

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

ioneer Price Performance

The firm’s 50-day simple moving average is $4.88 and its 200-day simple moving average is $3.79.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ioneer stock. GK Wealth Management LLC boosted its position in shares of ioneer Ltd (NASDAQ:IONR) by 37.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,700 shares of the company’s stock after purchasing an additional 10,750 shares during the quarter. GK Wealth Management LLC’s holdings in ioneer were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

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.