Lithium ION Energy (CVE:ION) Trading Down 25% – Time to Sell?

by · The Cerbat Gem

Lithium ION Energy Ltd. (CVE:ION – Get Free Report) shares fell 25% during mid-day trading on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03. 255,250 shares were traded during mid-day trading, an increase of 340% from the average session volume of 58,035 shares. The stock had previously closed at C$0.04.

Lithium ION Energy Trading Up 33.3%

The stock has a market cap of C$2.75 million, a PE ratio of -2.00 and a beta of -0.28. The business has a 50 day moving average of C$0.04 and a 200-day moving average of C$0.04.

About Lithium ION Energy

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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. and changed its name to Lithium ION Energy Ltd. in August 2023. Lithium ION Energy Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.

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