ioneer (NASDAQ:IONR) Stock Price Up 1.7% – Should You Buy?

ioneer Ltd (NASDAQ:IONRGet Free Report) shares shot up 1.7% during mid-day trading on Monday . The company traded as high as $4.22 and last traded at $4.22. 6,148 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 22,495 shares. The stock had previously closed at $4.15.

ioneer Price Performance

The stock’s fifty day moving average is $4.28 and its 200-day moving average is $5.03.

Institutional Investors Weigh In On ioneer

An institutional investor recently bought a new position in ioneer stock. Bank of America Corp DE bought a new stake in ioneer Ltd (NASDAQ:IONRFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,546 shares of the company’s stock, valued at approximately $26,000.

ioneer Company Profile

(Get Free Report)

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.

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