Lithium ION Energy Ltd. (CVE:ION – Get Free Report) shares dropped 25% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 165,000 shares traded hands during trading, an increase of 213% from the average daily volume of 52,636 shares. The stock had previously closed at C$0.04.
Lithium ION Energy Price Performance
The business’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.05. The company has a market cap of C$1.96 million, a price-to-earnings ratio of -1.00 and a beta of 1.45.
Lithium ION Energy Company Profile
Lithium ION Energy Ltd. engages in the acquisition and exploration of mineral properties in Asia. It primarily explores for lithium deposits. Its flagship property is the Baavhai-Uul lithium brine project that covers an area approximately 63,000 hectares located in Mongolia. The company was formerly known as Ion Energy Ltd.
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