Lithium ION Energy (CVE:ION) Stock Price Down 25% – Here’s What Happened

Lithium ION Energy Ltd. (CVE:IONGet Free Report) shares were down 25% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 165,000 shares changed 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 firm has a market cap of C$2.29 million, a P/E ratio of -1.17 and a beta of 1.45. The company’s 50 day moving average is C$0.04 and its two-hundred day moving average is C$0.05.

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.

Further Reading

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