Ioneer (ASX:INR) Shares Down 5%

Ioneer Ltd (ASX:INR) dropped 5% on Wednesday . The company traded as low as A$0.19 ($0.13) and last traded at A$0.19 ($0.13), approximately 892,876 shares traded hands during trading. The stock had previously closed at A$0.20 ($0.14).

The stock has a 50-day simple moving average of A$0.21 and a two-hundred day simple moving average of A$0.18. The firm has a market capitalization of $280.72 million and a P/E ratio of -190.00.

About Ioneer (ASX:INR)

ioneer Ltd explores for mineral properties in North America. It focuses on developing the 100% owned 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 is based in North Sydney, Australia.

Further Reading: Book Value Per Share in Stock Trading

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